Workflow
Banco Latinoamericano de ercio Exterior(BLX)
icon
Search documents
IDB Invest and Bladex Support Tigo El Salvador to Expand Broadband Infrastructure and Enhance Digital Inclusion
Prnewswire· 2025-07-28 22:10
Financing Overview - IDB Invest and Bladex are providing a financing package of up to $205 million to Telemóvil El Salvador, S.A. de C.V. (Tigo) for the expansion of its broadband network and mobile infrastructure [1][7] - The financing package includes a $150 million loan, with $75 million from each IDB Invest and Bladex, a $30 million Revolving Credit Facility (RCF), and a $25 million Digital Account Receivables Discount Facility, all aimed at enhancing Tigo's services [2] Project Objectives - The project aims to improve productivity, digital inclusion, and economic resilience by expanding and upgrading network infrastructure in response to expected surges in data traffic [3] - Enhanced broadband services are intended to unlock access to digital education, telehealth, and e-commerce opportunities for underserved populations [3] Company Profiles - IDB Invest is a multilateral development bank focused on promoting economic development in Latin America and the Caribbean through private sector financing, managing a portfolio of $21 billion [4] - Bladex, founded in 1979, promotes trade finance and economic integration in Latin America and the Caribbean, providing financial solutions to institutions and corporations in the region [5] - Tigo, a subsidiary of Millicom, has been a leader in El Salvador's digital evolution since 1992, offering high-speed internet, mobile services, and promoting financial inclusion through Tigo Money [6]
BLADEX'S SECOND QUARTER 2025 CONFERENCE CALL
Prnewswire· 2025-07-15 11:00
Core Points - Bladex will hold a conference call to discuss its second quarter 2025 results on August 5, 2025, at 11:00 a.m. Eastern Time [1] - The earnings release for the second quarter will be announced on August 4, 2025, after market close [2] - Bladex is a multinational bank established in 1979 to promote foreign trade and economic integration in Latin America and the Caribbean [3] - The bank is headquartered in Panama and has offices in several countries, including Argentina, Brazil, Colombia, Mexico, and the USA [3] - Bladex has been listed on the NYSE since 1992, with shareholders including central banks and state-owned entities from 23 Latin American countries [4]
Boralex will release its 2025 second quarter financial results on August 8, at 11 a.m.
Globenewswire· 2025-07-08 13:30
Core Points - Boralex Inc. will release its 2025 second quarter results on August 8, 2025, at 11 a.m. ET [1] - A conference call will be held for financial analysts and investors to discuss the results [1] - The financial information will be available through a press release and on Boralex's website at 7 a.m. on the same day [3] Company Overview - Boralex has been providing affordable renewable energy for over 30 years and is a leader in the Canadian market [4] - The company is the largest independent producer of onshore wind power in France and has facilities in the United States and development projects in the United Kingdom [4] - Over the past five years, Boralex's installed capacity has increased by more than 50% to 3.2 GW [4] - The company is developing a portfolio of over 8 GW in wind, solar, and storage projects, guided by corporate social responsibility values [4] - Boralex has been recognized as the Best Corporate Citizen in Canada by Corporate Knights [4] - The company's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX [4]
La Caisse and Fondaction invest $250 million by way of a subordinated loan to Boralex
Globenewswire· 2025-07-07 11:00
Core Viewpoint - Boralex Inc. has successfully closed an additional corporate financing of $250 million through an unsecured subordinated loan, which will support its growth strategy and project financing [1][3]. Financing Details - The financing consists of a $250 million unsecured subordinated loan with an 8-year term, provided by La Caisse ($200 million) and Fondaction ($50 million) [1][7]. - The loan is non-amortizing, with repayment due at maturity on June 27, 2033, and interest payable semi-annually [7]. Strategic Alignment - This financing aligns with Boralex's 2030 Strategy, announced on June 17, aimed at mobilizing resources for project financing and diversifying funding sources while maintaining financial discipline [3]. - La Caisse's investment reflects its commitment to supporting Boralex's growth in renewable energy, reaffirming confidence in the company's execution capacity and international expansion [3][10]. Environmental Commitment - The investment is characterized as an impact investment, supporting the development of clean energy infrastructure with measurable environmental benefits, aligning with Fondaction's strategic objectives in combating climate change [4][12]. - La Caisse has announced a climate strategy targeting $400 billion in investments related to climate action by 2030, emphasizing the importance of decarbonization [3][11]. Company Overview - Boralex is a leader in renewable energy production in Canada and the largest independent producer of onshore wind power in France, with over 30 years of experience [8]. - The company has increased its installed capacity by more than 50% to 3.2 GW over the past five years and is developing a project portfolio exceeding 8 GW in wind, solar, and storage [8].
Bladex Leads USD 120 Million Syndicated Loan for Sudameris Bank, Supporting Its Growth in Paraguay
Prnewswire· 2025-07-03 13:50
Core Insights - The transaction involves a USD 120 million syndicated loan for Sudameris Bank, aimed at accelerating its expansion in Paraguay by broadening financing options for SMEs and corporations [2][6] - The loan was oversubscribed, indicating strong market appetite and confidence in Paraguay's macroeconomic stability and Sudameris' growth strategy [5] Group 1: Transaction Details - The loan was successfully closed by Banco Latinoamericano de Comercio Exterior (Bladex) and involved ten financial entities, with six participating for the first time, enhancing Sudameris' network of international partners [2][3] - Bladex demonstrated agility and technical expertise by structuring and coordinating the loan in under two months, capitalizing on favorable market conditions [4] Group 2: Institutional Impact - Proceeds from the loan will enable Sudameris to enhance its institutional growth by expanding financing opportunities for small and medium-sized enterprises and corporations [6] - Sudameris Bank is recognized as the leading lender to the productive sector in Paraguay, particularly in industrial, livestock, and agricultural segments, reinforcing its role in the country's economic development [9] Group 3: Strategic Partnerships - The transaction underscores the long-standing strategic partnership between Bladex and Sudameris, aimed at strengthening Paraguay's financial system and promoting regional economic growth [3][7] - Both institutions are committed to creating financial solutions that support sustainable economic development in Latin America [7][8]
Boralex recognized as Best Corporate Citizen in Canada by Corporate Knights
Globenewswire· 2025-06-25 11:00
Core Insights - Boralex has been recognized as the top company in Corporate Knights' annual 'Best 50 Corporate Citizens' ranking in Canada, highlighting its commitment to sustainable development [1][2] - The company's vision focuses on contributing to a renewable energy future while ensuring a safe and inclusive work environment, with a commitment to achieving net-zero emissions by 2050 [2] - Boralex's recent Corporate Social Responsibility (CSR) Report emphasizes its inclusive recruitment process, workforce development initiatives, and greenhouse gas emission reduction targets approved by the Science-based Target Initiative [4] Company Overview - Boralex has over 30 years of experience in providing affordable renewable energy and is a leader in the Canadian market, as well as the largest independent producer of onshore wind power in France [5] - The company's installed capacity has increased by more than 50% over the past five years, reaching 3.2 GW, with ongoing projects in wind, solar, and storage totaling over 8 GW [5] - Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX [5]
Alain Rhéaume Announces His Retirement as Chair of the Board of Directors of Boralex
Globenewswire· 2025-06-19 12:30
Core Points - Boralex Inc. announced the upcoming retirement of its Board Chair, Mr. Alain Rhéaume, who will step down once a successor is appointed, no later than December 2025 [1][2] - The selection process for the new Chair will be overseen by the Board's Governance Committee, in line with the company's governance policies [2] - Mr. Rhéaume's retirement follows the release of Boralex's 2030 Strategy, which aims to guide the company's future direction [2][3] - Under Mr. Rhéaume's leadership, Boralex has made significant progress in its strategic directions and governance, which are crucial for stakeholders [3] - The company is well-positioned to capitalize on the strong growth in energy demand and the ongoing energy transition, presenting significant opportunities in the renewable energy sector [4] - Boralex has seen a renewal of its executive team, including the appointment of Patrick Decostre as President and CEO, and welcomed three new directors to enhance the Board's skills [8] - The company has achieved its objectives under the 2025 Strategic Plan and is set to continue its growth trajectory with the newly unveiled 2030 Strategy [8] - Boralex has increased its installed capacity by over 50% to 3.2 GW over the past five years and is developing a project portfolio exceeding 8 GW in wind, solar, and storage [10]
Combining Sustainable Growth with Performance: Boralex Announces Its Strategic Plan and Financial Objectives for 2030
Globenewswire· 2025-06-17 12:00
Core Insights - Boralex has announced its 2030 Strategic Plan, focusing on sustainable growth and performance through renewable energy production [3][5] - The company aims to execute a disciplined growth strategy with a project pipeline totaling 8 GW, enhancing its long-term power purchase agreements [4][7] - Boralex's financial objectives are entirely organic, reflecting a commitment to lower risk and greater control over growth compared to previous plans [5][10] Strategic Highlights - The 2030 Strategy emphasizes organic growth, targeting investments that will yield results over the next five years and beyond [5] - The company plans to double its installed capacity every five years, aiming for a net-zero trajectory by 2050 [7] - Boralex is focusing on two strong leadership markets (Canada and France) and two expanding markets (certain U.S. states and the United Kingdom) [7] Financial Objectives - Boralex targets a compound annual growth rate (CAGR) of operating income between 12% to 14% and consolidated EBITDA(A) between 7% to 9% from 2025 to 2030 [8] - The company plans total investments of $6.8 billion, with an additional $1.2 billion for projects scheduled after 2030, aiming for a minimum levered internal rate of return (IRR) of 10% to 12% [16] - A payout ratio of 20% to 40% of discretionary cash flows is also part of the financial strategy [16] Market Position and Growth - Boralex has increased its installed capacity by over 50% to 3.2 GW in the past five years and is developing a portfolio of projects totaling 8 GW in wind, solar, and storage [12] - The company is committed to maintaining disciplined financial management and introducing cash flows per share growth objectives [7][9] - The weighted average remaining duration of contracts is expected to increase from 11 years in 2024 to 14 years by 2030, enhancing financing structures [7][4]
REMINDER: Boralex to hold Investor Day and present its 2030 Strategy on June 17, 2025
Globenewswire· 2025-06-16 13:30
Core Points - Boralex will present its 2030 Strategy at an Investor Day on June 17, 2025, in Toronto, inviting financial analysts, investors, and media to attend either in person or via a live video webcast [1] - The conference will take place from 10 a.m. to 12:30 p.m. (ET) and will be available for replay on Boralex's website until July 17, 2026 [2] - Members of Boralex's Executive Committee will be available for media interviews on the afternoon of June 17, 2025, to discuss the 2030 Strategy [3] Company Overview - Boralex has been providing affordable renewable energy for over 30 years and is a leader in the Canadian market, as well as France's largest independent producer of onshore wind power [4] - The company has increased its installed capacity by more than 50% over the past five years, reaching 3.2 GW, and is developing a portfolio of over 8 GW in wind, solar, and storage projects [4] - Boralex is committed to sustainable growth and actively participates in the fight against global warming, guided by its corporate social responsibility (CSR) approach [4]
Boralex Appoints Robin Deveaux as Executive Vice President and General Manager, North America
Globenewswire· 2025-06-12 13:18
Core Viewpoint - Boralex has appointed Robin Deveaux as Executive Vice President and General Manager for North America, succeeding Hugues Girardin, who will retire at the end of 2025. This transition aims to ensure continuity and effective leadership as the company prepares to implement its 2030 Strategy [1][2][3]. Group 1: Leadership Transition - Robin Deveaux has over 20 years of experience in the renewable energy and professional services sectors, previously serving as Vice President and Senior Vice President at Boralex [2]. - Hugues Girardin, who has had a 34-year career at Boralex, will act as Transition Advisor until his retirement, ensuring a smooth handover of responsibilities [1][5][6]. - Both executives emphasize the importance of community engagement and collaboration in driving the company's mission forward [4][6]. Group 2: Company Overview - Boralex has been a leader in providing affordable renewable energy for over 30 years, with a significant presence in Canada and as the largest independent producer of onshore wind power in France [9]. - The company has increased its installed capacity by over 50% in the past five years, reaching 3.2 GW, and is developing a project portfolio exceeding 8 GW in wind, solar, and storage [9]. - Boralex is committed to sustainable growth and actively participates in combating global warming through its corporate social responsibility initiatives [9].