Press Release
July 27, 2018

Holland & Knight Represents Bladex on $145 Million Syndicated Loan to Banco Aliado

Holland & Knight

NEW YORK (July 27, 2018) – Holland & Knight represented Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) as sole lead arranger and bookrunner on a $145 million 3-year senior unsecured syndicated loan for Banco Aliado, S.A. The transaction closed on June 27.

Established in Panama in 1992, Banco Aliado is the fourth-largest Panamanian-owned bank. The bank is 100% owned by Grupo Aliado S.A., a financial group with extensive experience in local and foreign trade, ports, real estate and tourism.

Bladex is a multinational bank originally established by the central banks of Latin American and Caribbean countries to finance foreign trade and promote economic integration in the region.

The transaction attracted the interest of 15 financial institutions from Central America and the Caribbean, South America, China, Europe, and the United States, some of which represent new banking relationships for Banco Aliado. Proceeds from the loan will be used to support the growth of Banco Aliado´s loan portfolio.

Holland & Knight Partner Stephen Double and Senior Counsel Carlos Meza, along with the Panamanian law firm of Arias Fabrega & Fabrega, advised Bladex on the deal.

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