Report of Foreign Issuer (6-k)
February 07 2019 - 5:23PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE
SECURITIES EXCHANGE ACT OF 1934
For the month of February, 2019
Commission File Number 1-11414
BANCO
LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
(Exact name of Registrant as specified in
its Charter)
FOREIGN
TRADE BANK OF LATIN AMERICA, INC.
(Translation of Registrant’s name
into English)
Business Park Torre V, Ave. La Rotonda,
Costa del Este
P.O. Box 0819-08730
Panama City, Republic of Panama
(Address of Registrant’s Principal
Executive Offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
x
Form 40-F
¨
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes
¨
No
x
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes
¨
No
x
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Date: February 7, 2019
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FOREIGN TRADE BANK OF LATIN AMERICA, INC.
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(Registrant)
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By:
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/s/ Ana Graciela de Méndez
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Name: Ana Graciela de Méndez
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Title: CFO
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Bladex
acts as Joint Lead Arranger of a US$131.5 million senior, secured
acquisition finance bridge facility for Corporación Favorita
Panama City,
Republic of Panama, February 7, 2019 –
Banco Latinoamericano de Comercio Exterior, S.A. (“
Bladex
”
or the “
Bank
”) today announced the successful closing of a US$131.5 million senior Acquisition Finance bridge
facility (the “Facility” or the “Loan”) for Corporación Favorita C.A. (“Corp. Favorita”
or the “Borrower”). The Facility was secured by liquid deposits of the Borrower in Ecuadorian banks.
Corp. Favorita
is a leading Ecuadorian Company, with over US$1.9 billion in sales and US$1.6 billion in total assets. The Borrower is primarily
engaged in the sale of mass consumer products through its network of more than 150 supermarkets (Supermaxi, Megamaxi, Aki, Gran
Aki, Super Aki, Jugueton, Supersaldos and Titán) located throughout the country's provinces.
The Loan was structured
as a club deal between Bladex, Banco General and Grupo Promerica, acting together as Joint Lead Arrangers. Bladex is also the Administrative
Agent under the Facility.
Proceeds of the
Facility were used to support Corp. Favorita’s cross border acquisition for a majority interest in Rey Holdings Corp., a
holding company owner of supermarket chains (Rey, Romero and Mr. Precio), convenience stores (ZAZ), and pharmacies (Metro Plus)
in Panama, generating over US$700 million in sales.
Bladex, a multinational bank originally
established by the central banks of Latin-American and Caribbean countries, began operations in 1979 to promote foreign trade and
economic integration in the Region. The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico,
Peru, 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 on Bladex, please access its website
at
www.bladex.com
or contact:
Mónica Cosulich – VP, Finance and Investor Relations
E-mail address: ir@bladex.com Tel.: (+507) 210-8563
Head Office Address: Torre V, Business Park, Avenida La Rotonda,
Urb. Costa del Este,
Panama, Republic of Panama
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