Bladex closes $206 million loan for Cemento Panam to acquire CEMEX operations.

Bladex has closed a $206 million syndicated loan to finance Cemento Panam's acquisition of CEMEX's operations in Panama. The seven-year term loan was structured and initially underwritten by Bladex, with participation from BAC Panama and Global Bank. Bladex also serves as Administrative Agent and Collateral Agent for the loan. The deal marks a significant investment in Panama's cement industry and highlights Bladex's expertise in structured finance and project financing.

PANAMA CITY, September 12, 2025 — Bladex (NYSE: BLX), a leading multinational bank, has successfully closed a $206 million syndicated loan to support Cemento Panam's acquisition of CEMEX's operations in Panama. The seven-year term loan was structured and initially underwritten by Bladex, with participation from BAC Panama and Global Bank. Bladex also acts as Administrative Agent and Collateral Agent for the loan.

Cemento Panam, a subsidiary of Grupo Estrella, a Dominican conglomerate, plans to use the funds to expand its cement business in Panama. This acquisition is part of Grupo Estrella's broader strategy to consolidate its presence in the construction sector across several countries in the region. The deal underscores Bladex's expertise in structured finance and project financing, as well as its commitment to supporting economic development in Latin America.

"This financing represents a strategic opportunity not only for our client, but also for Panama, where we trust that this transaction will help boost the construction sector and generate positive impacts on the local economy," said Samuel Canineu, Chief Commercial Officer of Bladex.

Eng. Manuel Estrella, President of Grupo Estrella, expressed his satisfaction with Bladex's support. "We are very pleased to have Bladex's support in this new stage of expansion of our cement business. Panama is a market with great potential, and this acquisition allows us to strengthen our commitment to the development of the cement industry and to support the country in the major infrastructure projects that are to come."

The syndicated loan highlights Bladex's capabilities in structuring and underwriting complex financial transactions, reinforcing its mission to promote economic integration and competitiveness in the region.