Bladex leads a new USD 200 million syndicated loan for CrediQ in Costa Rica, El Salvador, and Guatemala.
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: [email protected]
Tel: +507 210-8625
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)