PANAMA
CITY, March 12, 2025 /PRNewswire/ -- Banco
Latinoamericano de Comercio Exterior, S.A. (Bladex) announces the
successful closing of a USD 200
million syndicated loan in partnership with Banco AgrÃcola
S.A. (a Grupo Bancolombia company) for Inversiones CrediQ Business,
S.A. and its subsidiaries in Costa
Rica, El Salvador, and
Guatemala.
This is the second syndicated loan led by Bladex for CrediQ. It
consolidates a relationship of trust and financial support that
began in 2021. The transaction met with strong market demand and
was oversubscribed by 1.52 times the initial amount of USD 150 million, with the participation of 13
other financial institutions, reflecting the strong interest of the
banking sector in the region.
The funds obtained in this transaction represent new resources
for CrediQ, allowing it to refinance the existing debt from its
operations in Costa Rica,
El Salvador, and Guatemala while extending the maturity profile
of its financial obligations. With this financing solution, CrediQ
reinforces its commitment to provide development opportunities to
families, micro-entrepreneurs and small and medium enterprises in
Central America, facilitating
access to credit for the acquisition of vehicles, a fundamental
tool for mobility, entrepreneurship and economic growth in the
region.
"At CrediQ, our mission is to transform lives through access to
finance. This new loan will allow us to continue supporting the
dream of many families and entrepreneurs in Central America who depend on a vehicle for
their mobility and economic development," said Francis Henriquez, Chief Financial & Risk
Officer of CrediQ.
Warren Bonilla, Head of
Central America and the
Caribbean, said: "This new
syndicated loan reaffirms Bladex's commitment to the growth and
development of the region. We are proud to lead a transaction that
will allow CrediQ to further expand its positive impact on the
communities and productive sectors of Central America. We are very pleased to have
worked hand in hand with the Bancolombia Group on this
transaction."
Founded in 1979, Bladex's mission is to promote foreign trade
and regional integration. Its network includes offices in
Panama, Argentina, Brazil, Colombia, Mexico, the United
States and a representative license in Peru. Bladex is listed on the New York Stock
Exchange (NYSE: BLX) and has a shareholder base consisting of
central banks, state banks and representative bodies from 23
countries in Latin America and the
Caribbean, as well as
institutional and private investors.
CONTACT:
Warren Bonilla, Head of Central America and the Caribbean
E-mail address: wbonilla@bladex.com
Tel: +507 210-8625
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A.
(Bladex)
