Bladex Acts as Global Coordinator and Mandated Lead Arranger for Staatsolie US$1.6bn Syndicated Credit Facility

About this update from Banco Latinoamericano De Comercio Exterior, S.a.

[{"type":"text","content":"PANAMA CITY, May 23, 2025 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex") and African Export-Import Bank (Afreximbank), alongside with other 16 financial institutions have reached an agreement with Staatsolie Maatschappij Suriname N.V. ("Staatsolie") a US$1.6 billion long-term senior secured financing facility.","length":360,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Banco Latinoamericano de Comercio Exterior, S.A. (Bladex))","displaySize":"","headline":null,"caption":"(PRNewsfoto/Banco Latinoamericano de Comercio Exterior, S.A. (Bladex))","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":197,"url":"https://media.zenfs.com/en/prnewswire.com/6b6ed62d2484e9c6f2fad1e2fe28d80c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bmhu.BlnFOdiDxJChCvOLg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM0NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/6b6ed62d2484e9c6f2fad1e2fe28d80c","width":400,"height":197}}},{"type":"text","content":"The proceeds will support Staatsolie in partially refinancing existing debt and funding its 20% working interest in the GranMorgu upstream offshore oil project (the "Project") located in Block 58, approximately 150 km of the coast of Suriname.","length":253,"tagName":"p"},{"type":"text","content":"GranMorgu is one of the most significant developments in the global energy industry. This transaction represents the largest project financing transaction in Suriname's history and paves the way for initial offshore oil production by mid-2028. It will also provide Suriname with royalties, profit oil, additional income taxes and dividends to support critical investments in infrastructure, healthcare, education, and future offshore developments.","length":451,"tagName":"p","attribs":{}},{"type":"text","content":"The Project is being developed under a joint operating agreement with TotalEnergies EP Suriname B.V., as operator. The offshore development in Suriname's Block 58, is poised to generate over 6,000 jobs (direct and indirect) and inject up to $26 billion into the national economy (depending on oil price), offering a transformative opportunity to alleviate poverty and enhance public services in the country.","length":411,"tagName":"p"},{"type":"text","content":"The credit facility, structured by Bladex, wa...

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