This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bladex Leads Successful Banking Syndication Of A $130 Million Senior Credit Facility For Cables De Energia Y Telecomunicaciones S.A. And Affiliates (CENTELSA)

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 OfficerBladexBusiness Park Torre V, Piso 5 / Avenida La Rotonda / Urbanización Costa del Este Panama City, PanamaTel: (507) 210-8630 E-mail address: cschech@bladex.com  

or

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,671.22 +74.87 0.43%
S&P 500 2,065.71 +8.07 0.39%
NASDAQ 4,985.5780 +27.11 0.55%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs