Bladex Secures $206 Million Syndicated Loan for Cemento Panam's Growth Initiative in Panama

In a significant financial move, Bladex (NYSE: BLX) has announced the successful closing of a syndicated loan amounting to US$206 million aimed at supporting Cemento Panam as it embarks on an ambitious expansion plan. This financing is specifically directed towards the acquisition of CEMEX's operations in Panama, reinforcing Bladex's commitment to economic development in the region.

The seven-year term loan was structured by Bladex, acting as the Sole Lead Arranger and Bookrunner, and also involved participation from BAC Panama and Global Bank. The strategic partnership is expected to help uplift the construction sector in Panama and generate meaningful impacts on the local economy.

Strengthening the Cement Industry

Cemento Panam is a subsidiary of Grupo Estrella, a prominent Dominican conglomerate with over four decades of experience in the construction sector. Grupo Estrella’s expansion into Panama is seen as a strategic endeavor, leveraging the country’s growth potential to elevate its cement business.

Eng. Manuel Estrella, President of Grupo Estrella, expressed high hopes for this move, stating, “We are very pleased to have Bladex's support in this new stage of expansion of our cement business. Panama is a market with great potential, and this acquisition allows us to strengthen our commitment to the development of the cement industry and to support the country in the major infrastructure projects that are to come.”

Bladex’s Role in Economic Development

Bladex’s Chief Commercial Officer, Samuel Canineu, highlighted the strategic importance of this financing, stating, “This financing represents a strategic opportunity not only for our client but also for Panama. We trust that this transaction will help boost the construction sector.” Through such transactions, Bladex reaffirms its capability to provide tailored financial solutions that match the needs of companies looking to grow in Latin America and beyond.

With this loan, Bladex further solidifies its mission of promoting economic integration and competitiveness in Latin America by backing regional groups that are seeking expansion opportunities.

About Bladex

Bladex was established in 1979 by the central banks of Latin America and the Caribbean with the primary goal of enhancing trade finance and economic integration across the region. Headquartered in Panama, Bladex provides diverse financial solutions to institutions and corporations, with a presence in key markets including Argentina, Brazil, Colombia, and Mexico. The bank has operated on the New York Stock Exchange since 1992, ensuring strong visibility and trust in the financial community. With commitments to fostering regional economic development, Bladex continues to position itself as a crucial player in financing strategic projects like Cemento Panam's latest venture.

In conclusion, this partnership not only aids Cemento Panam in broadening its operational capacities but also contributes to the invigorated outlook for Panama’s construction sector. Bladex has taken another step forward in reinforcing its commitment to supporting economic growth in the region, as it champions the integration and expansion of Latin American industries.