PANAMA
CITY, June 12, 2024 /PRNewswire/ -- Banco
Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the
"Bank"; NYSE: BLX) announced today the successful closing of
a US$100 million senior unsecured
syndicated up to 3 years (the "Facility") for Forum
Servicios Financieros, S.A. ("Forum" or the
"Company"). Bladex acted as Sole Lead Arranger and
Bookrunner and shall act as the Administrative Agent for the
Facility.
Established in 1993, Forum is the leading player in the
auto-financing industry in Chile.
The Company is a wholly owned subsidiary of BBVA and provides loans
and auto-leases to natural persons and companies for the purchase
of vehicles (light and heavy) and motorcycles. The Company has
US$ 2.1 billion in total assets, and
US$ 285 million in total equity and
is rated AA- (local) by Fitch.
The deal constitutes the second international syndicated
facility structured by Bladex for Forum. Proceeds from the
Facility will be used for repayment of existing indebtedness.
Sebastián Barbarossa, Forum's CFO, stated: "We are
thrilled to have finalized this new syndicate in collaboration with
Bladex. This financing once again demonstrates Forum's ability to
secure international funding and is a clear indication of the
market's confidence in the Company."
The transaction attracted commitments of financial institutions
from Central and South America,
the Caribbean, Asia, and the United
States, bringing new banking relationships for
Forum.
Carlos De Alvear, Regional Head
of South America and Mexico of Bladex stated: "Bladex is very
pleased to have successfully executed the second international
syndicated loan for Forum, which provides the Company access to new
banking relationships and medium-term funding. This transaction
marks the third syndicated loan arranged by Bladex in Chile and adds to Bladex's credentials of over
77 transactions arranged in Latin
America, highlighting the Bank's distribution capabilities
and its access to a wide network of regional and international
financial institutions."
Bladex, a multinational bank originally established by
the central banks of Latin-American and Caribbean countries, initiated operations in
1979 to promote foreign trade finance and economic integration
in the Region. The Bank, headquartered in Panama, also counts with offices in
Argentina, Brazil, Colombia, Mexico, and the
United States of America, supporting the regional expansion
and servicing its customer base, which includes financial
institutions and corporations.
Bladex is listed on the NYSE in the United States of America (NYSE: BLX),
since 1992, and its shareholders include: central banks and
state-owned banks and entities representing 23 Latin American
countries; commercial banks and financial institutions; and
institutional and retail investors through its public listing.
For further information, please contact:
Bladex:
Felipe Suarez –
SVP, Head of Loan Structuring & Syndications
E-mail address: ir@bladex.com
Head Office Address: Torre V, Business Park, Ave. La Rotonda,
Urb. Costa del Este,
Panama, Republic of Panama
www.bladex.com
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content:https://www.prnewswire.com/news-releases/bladex-leads-second-successful-syndication-of-a-us100-000-000-senior-unsecured-term-loan-facility-for-forum-302170020.html
SOURCE Banco Latinoamericano de Comercio Exterior, S.A.
(Bladex)
