Panama’s Banco Aliado gets $80 million three-year term loan via Bladex

By Susanna Moon

Chicago, July 2 – Banco Aliado SA closed an $80 million three-year amortizing syndicated term loan facility through Banco Latinoamericano de Comercio Exterior, SA, or Bladex.

Proceeds will be used to fuel the growth of the bank’s medium-term operations, according to a company press release.

The transaction was 1.7 times oversubscribed, drawing 13 financial institutions based in the United States, Colombia, Brazil, Panama, Venezuela, and Trinidad and Tobago, the release noted.

Bladex is the lead arranger and bookrunner and administrative agent.

The facility was upsized to $80 million from the $50 million target amount due to interest, the company said.

Banco Aliado is based in Panama and is 100% owned by Grupo Aliado SA.

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