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Bladex leads a new USD 200 million syndicated loan for CrediQ in Costa Rica, El Salvador, and Guatemala.

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Bladex (NYSE: BLX) has successfully led a USD 200 million syndicated loan for Inversiones CrediQ Business and its subsidiaries across Costa Rica, El Salvador, and Guatemala. The transaction, co-led with Banco Agrícola (Grupo Bancolombia), was oversubscribed by 1.52 times the initial USD 150 million target, attracting 13 financial institutions.

This second syndicated loan for CrediQ will refinance existing debt and extend maturity profiles in their operations across the three countries. The funding aims to support families, micro-entrepreneurs, and SMEs in Central America by facilitating vehicle acquisition financing, which is important for mobility and economic growth in the region.

Bladex (NYSE: BLX) ha guidato con successo un prestito sindacato di 200 milioni di dollari per Inversiones CrediQ Business e le sue filiali in Costa Rica, El Salvador e Guatemala. La transazione, co-guidata con Banco Agrícola (Grupo Bancolombia), è stata sovrascritta di 1,52 volte rispetto all'obiettivo iniziale di 150 milioni di dollari, attirando 13 istituzioni finanziarie.

Questo secondo prestito sindacato per CrediQ servirà a rifinanziare il debito esistente e a estendere i profili di scadenza delle loro operazioni nei tre paesi. Il finanziamento mira a sostenere famiglie, micro-imprenditori e PMI in America Centrale facilitando il finanziamento per l'acquisto di veicoli, che è importante per la mobilità e la crescita economica nella regione.

Bladex (NYSE: BLX) ha liderado con éxito un préstamo sindicado de 200 millones de dólares para Inversiones CrediQ Business y sus subsidiarias en Costa Rica, El Salvador y Guatemala. La transacción, co-liderada con Banco Agrícola (Grupo Bancolombia), fue sobre suscrita en 1.52 veces el objetivo inicial de 150 millones de dólares, atrayendo a 13 instituciones financieras.

Este segundo préstamo sindicado para CrediQ refinanciará la deuda existente y extenderá los perfiles de vencimiento de sus operaciones en los tres países. La financiación tiene como objetivo apoyar a familias, microempresarios y pymes en Centroamérica facilitando el financiamiento para la adquisición de vehículos, lo cual es importante para la movilidad y el crecimiento económico en la región.

Bladex (NYSE: BLX)는 코스타리카, 엘살바도르 및 과테말라에 있는 Inversiones CrediQ Business와 그 자회사를 위해 2억 달러 규모의 신디케이트 대출을 성공적으로 주도했습니다. Banco Agrícola(Grupo Bancolombia)와 공동으로 주도한 이번 거래는 초기 목표인 1억 5천만 달러의 1.52배에 해당하는 금액으로 초과 청약되었으며, 13개의 금융 기관이 참여했습니다.

CrediQ를 위한 두 번째 신디케이트 대출은 기존 부채를 재융자하고 세 나라에서의 운영 만기를 연장하는 데 사용될 것입니다. 이 자금은 중앙 아메리카의 가족, 소규모 기업가 및 중소기업을 지원하고, 이동성과 경제 성장을 위해 중요한 차량 구매 자금을 용이하게 하는 것을 목표로 하고 있습니다.

Bladex (NYSE: BLX) a réussi à diriger un prêt syndiqué de 200 millions de dollars pour Inversiones CrediQ Business et ses filiales au Costa Rica, au Salvador et au Guatemala. La transaction, co-dirigée avec Banco Agrícola (Grupo Bancolombia), a été sursouscrite 1,52 fois par rapport à l'objectif initial de 150 millions de dollars, attirant 13 institutions financières.

Ce deuxième prêt syndiqué pour CrediQ refinancera la dette existante et prolongera les profils de maturité de leurs opérations dans les trois pays. Le financement vise à soutenir les familles, les micro-entrepreneurs et les PME en Amérique centrale en facilitant le financement de l'acquisition de véhicules, ce qui est important pour la mobilité et la croissance économique dans la région.

Bladex (NYSE: BLX) hat erfolgreich ein syndiziertes Darlehen in Höhe von 200 Millionen USD für Inversiones CrediQ Business und deren Tochtergesellschaften in Costa Rica, El Salvador und Guatemala geleitet. Die Transaktion, die gemeinsam mit Banco Agrícola (Grupo Bancolombia) geleitet wurde, war 1,52-mal überzeichnet im Vergleich zum ursprünglichen Ziel von 150 Millionen USD und zog 13 Finanzinstitute an.

Dieses zweite syndizierte Darlehen für CrediQ wird bestehende Schulden refinanzieren und die Laufzeitprofile ihrer Geschäfte in den drei Ländern verlängern. Die Finanzierung zielt darauf ab, Familien, Kleinstunternehmer und KMU in Mittelamerika zu unterstützen, indem die Finanzierung des Fahrzeugkaufs erleichtert wird, was für Mobilität und wirtschaftliches Wachstum in der Region wichtig ist.

Positive
  • Successfully secured USD 200 million syndicated loan, oversubscribed 1.52x from initial USD 150 million target
  • Strong market demand demonstrated by participation of 13 financial institutions
  • Expansion of existing business relationship with CrediQ since 2021
Negative
  • None.

Insights

Bladex's successful completion of a $200 million syndicated loan for CrediQ represents a significant transaction that reinforces the bank's position as a leading arranger of syndicated facilities in Central America. The 1.52x oversubscription from the initial $150 million target demonstrates strong market confidence in both Bladex's arrangement capabilities and CrediQ's credit profile.

The participation of 13 financial institutions in this syndicate highlights Bladex's ability to mobilize capital from various banking sources, effectively distributing risk while maximizing deal size. This transaction showcases Bladex's strategic focus on supporting financial inclusion and economic development across Latin America, particularly in underserved markets where vehicle financing serves as a catalyst for small business growth.

This follow-on transaction from their initial 2021 relationship demonstrates Bladex's ability to cultivate and expand client relationships over time. For investors, this represents Bladex's execution on its core business model - facilitating trade and business growth across Latin America through strategic financing arrangements. The oversubscription suggests robust demand for the assets Bladex is originating, indicating healthy market perception of the risk-return profile Bladex is generating through its lending activities.

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 Agrícola 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

(PRNewsfoto/Banco Latinoamericano de Comercio Exterior, S.A. (Bladex))

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/bladex-leads-a-new-usd-200-million-syndicated-loan-for-crediq-in-costa-rica-el-salvador-and-guatemala-302400338.html

SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)

FAQ

What is the size and purpose of Bladex's new syndicated loan for CrediQ?

Bladex led a USD 200 million syndicated loan for CrediQ to refinance existing debt and extend maturity profiles in Costa Rica, El Salvador, and Guatemala operations.

How much was the loan oversubscribed from its initial target?

The loan was oversubscribed by 1.52 times from its initial target of USD 150 million, with participation from 13 financial institutions.

Which countries will benefit from the BLX-led CrediQ loan?

The loan will benefit CrediQ's operations in three Central American countries: Costa Rica, El Salvador, and Guatemala.

When did Bladex (BLX) first establish its lending relationship with CrediQ?

Bladex established its lending relationship with CrediQ in 2021 with their first syndicated loan.
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