Bladex Leads Successful Banking Syndication of a $130 Million Senior Credit
Facility for Cables de Energia y Telecomunicaciones S.A. and Affiliates
PANAMA CITY, Jan. 16, 2013
PANAMA CITY, Jan. 16, 2013 /PRNewswire/ -- Banco Latinoamericano de Comercio
Exterior, S.A. ("Bladex", or "the Bank", NYSE: BLX) announced today the
closing of a US$130 million syndicated dual–currency, senior, multi-tranche
revolving and term loan credit facility for Colombia-based CENTELSA, a leading
player in the electrical and telecommunications wire and cable markets, with
Bladex as the sole bookrunner and administrative agent. Participating banks
included several leading financial institutions from Colombia, Panama, and
Brazil. The transaction was completed during December 2012.
Mr. Gregory Testerman, Executive Vice President for Treasury & Capital Markets
at Bladex stated, "This important transaction demonstrates Bladex's expertise
in providing financial solutions to our Latin American clients. The Bank is
particularly well-positioned to add value in arranging syndications to support
cross-border acquisition finance transactions, which in this case involved
established Bladex clients both in Mexico and in Colombia. Bladex's worldwide
network of correspondent banks, and its distinctive Latin American footprint,
offer access to a diversified funding base for clients in the Region, and
promote intra-regional capital flows throughout Latin America."
Bladex is a supranational bank originally established by the central banks of
Latin American and Caribbean countries ("the Region"), to support trade
finance in the Region. Established in Panama, its shareholders include central
and commercial banks in 23 countries in the Region, as well as international
and Latin American banks, and private investors.
Bladex has disbursed approximately $188 billion to its Latin American clients
since its inception.
For more information, please access our website at www.bladex.com or contact:
Mr. Christopher Schech, Chief Financial Officer
Business Park Torre V, Piso 5 / Avenida La Rotonda / Urbanización Costa del
Panama City, Panama
Tel: (507) 210-8630
E-mail address: email@example.com
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Mrs. Melanie Carpenter / Mr. Peter Majeski
20 Broad Street, 25th Floor, New York, NY 10005
Tel: (212) 406-3694
E-mail address: firstname.lastname@example.org
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