November 13, 2018 |
Panama's Global Bank plans to close a syndicated loan in the next few weeks, a source involved in the financing told LatinFinance.
JPMorgan and the Panamanian trade bank Bladex are leading 14 other banks in the five-year, $50m facility. G.B. Group, Global Bank's parent company, will use the loan to help pay for the acquisition of the local lender Banvivienda.
Global Bank agreed in September to acquire Banvivienda in a cash and stock deal worth $245m. The bank had looked to borrow $90m for the ac
Panamanian lender reduces financing needs for Banvivienda acquisition after selling shares