Bladex Leads Syndicated Loan to Support Cemento Panam's Expansion in Panama

Core Insights - Bladex has successfully closed a syndicated loan of US$206 million for Cemento Panam to finance the acquisition of CEMEX's operations in Panama [1] - The loan has a seven-year term and was fully underwritten by Bladex, with participation from BAC Panama and Global Bank [1] - Cemento Panam, a subsidiary of Grupo Estrella, aims to strengthen its international expansion strategy through this acquisition [3] Group 1: Loan Details - The syndicated loan totals US$206 million and is structured as a seven-year term loan [1] - Bladex acted as the Sole Lead Arranger & Bookrunner, and also serves as the Administrative Agent and Collateral Agent for the loan [1] Group 2: Strategic Importance - The financing is seen as a strategic opportunity for both Cemento Panam and Panama, expected to boost the construction sector and positively impact the local economy [4] - Grupo Estrella's President emphasized the potential of the Panamanian market and the importance of this acquisition for the cement industry and infrastructure projects [5] Group 3: Company Background - Bladex is a multinational bank established in 1979 to promote trade finance and economic integration in Latin America [6] - The bank is headquartered in Panama and has been listed on the NYSE since 1992, with a diverse shareholder base including central banks and institutional investors from 23 Latin American countries [6]