Business
Bladex Leads Syndicated Loan to Support Cemento Panam's Expansion in Panama
Bladex (NYSE: BLX) announced the successful closing of a syndicated loan totaling US$206 million in favor of Cemento Panam to finance the acquisition of CEMEX's operations in Panama.
About this update from Banco Latinoamericano De Comercio Exterior, S.a.
[{"type":"text","content":"PANAMA CITY, Oct. 7, 2025 /PRNewswire/ -- Bladex (NYSE: BLX) announced the successful closing of a syndicated loan totaling US$206 million in favor of Cemento Panam to finance the acquisition of CEMEX's operations in Panama.","length":228,"tagName":"p"},{"type":"image","alt":"From left to right: Raúl Arosemena, Vice President of Corporate Banking, BAC Credomatic; Jorge Vallarino, General Manager, Global Bank; Samuel Canineu, Chief Commercial Officer, Bladex; Manuel Estrella, Founding President, Grupo Estrella; Giuseppe Maniscalco, President of the Industrial Division, Grupo Estrella; and Manuel Genao, President of the Projects Division, Grupo Estrella.","displaySize":"","headline":null,"caption":"From left to right: Raúl Arosemena, Vice President of Corporate Banking, BAC Credomatic; Jorge Vallarino, General Manager, Global Bank; Samuel Canineu, Chief Commercial Officer, Bladex; Manuel Estrella, Founding President, Grupo Estrella; Giuseppe Maniscalco, President of the Industrial Division, Grupo Estrella; and Manuel Genao, President of the Projects Division, Grupo Estrella.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":267,"url":"https://media.zenfs.com/en/prnewswire.com/79020aebb7ef643e8719bb615be5ee7d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/RWZaqX6bzOXrQC6velR38w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/79020aebb7ef643e8719bb615be5ee7d","width":400,"height":267}},"href":"https://mma.prnewswire.com/media/2790211/Bladex_CoberturadeFirma_57.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The seven (7)-year term loan, structured and initially fully underwritten by Bladex (as "Sole Lead Arranger & Bookrunner"), included the participation of BAC Panama and Global Bank. Bladex also acts as Administrative Agent and Collateral Agent for the syndicated loan.","length":282,"tagName":"p"},{"type":"text","content":"Cemento Panam is a subsidiary of Grupo Estrella, a Dominican conglomerate with more than four decades of experience that has consolidated its presence in the construction sector across several countries in the region. With this acquisition, Cemento Panam strengthens its international expansion strategy from the Dominican Republic and trusts Panama as a strategic destination to devel...
More updates from Banco Latinoamericano De Comercio Exterior, S.a.