Bladex Supports CAFSA to Expand Access to Vehicle Financing in Costa Rica

Bladex (NYSE: BLX), a leading bank specialized in trade finance in Latin America, announced the successful closing of a US$75 million syndicated financing in favor of Grupo Financiero CAFSA, a company specialized in vehicle credit and leasing solutions in Costa Rica. The facility may be increased to up to US$125 million over the next two years.

The transaction was oversubscribed by 1.64 times and included the participation of ten international banks, six of which established new relationships with CAFSA. Bladex acted as Structuring Bank and Syndicate Leader, reaffirming its experience in tailored financing solutions and its role as a strategic financial partner for leading companies across the region.

The five-year facility will support CAFSA’s business growth and expand access for Costa Ricans to financing and leasing opportunities for both new and used vehicles.

“This transaction reflects our commitment to supporting solid companies that generate real impact on the economy and people’s lives. Through this financing, we are helping expand access to mobility-related credit in Costa Rica and contributing to the development of a key sector for the country,” said Warren Bonilla, Head of Commercial Banking for Central America and the Caribbean at Bladex.

CAFSA is part of Grupo Purdy, Costa Rica’s leading mobility solutions company with 69 years of experience, whose vision is to facilitate and connect people’s lives by creating a new world of reliable and sustainable mobility.

Grupo Purdy holds exclusive distribution rights for 12 vehicle brands, including Toyota, which also maintains a 25% equity stake in the company, supporting the strength of its business model and long-term outlook.

“This transaction represents CAFSA’s first syndicated loan, marking a significant milestone for the company as the financial arm of Grupo Purdy. It strengthens our financing capacity, allows us to diversify our offering, and enables us to continue providing access to mobility solutions for thousands of Costa Ricans,” said Carlos Castro, General Manager of CAFSA.

Through this transaction, Bladex continues to strengthen its syndicated loan platform in Latin America, advancing its purpose of promoting business growth and expanding access to financing in key markets.

_{About Bladex
Bladex is a multinational bank originally established by the central banks of the Latin American and Caribbean countries. It began operations in 1979 to promote foreign trade and regional integration. The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico, and the United States of America, as well as a representative license in Peru, to provide services and regional support to its client base, which includes financial entities and corporations. Bladex has been listed on the New York Stock Exchange, United States of America (NYSE: BLX), since 1992, and its shareholders include central banks, state banks, and representative entities from 23 Latin American and Caribbean countries, commercial banks, and institutional and private investors through the public offering of its shares.
 
About CAFSA
CAFSA, the financial arm of Grupo Purdy, specializes in the financing and leasing of personal, commercial, and work vehicles distributed by Grupo Purdy (Purdy Motor and Automotriz). With more than 40 years of experience in the Costa Rican market, CAFSA provides a comprehensive service, managing and covering all aspects associated with vehicle ownership in coordination with Grupo Purdy.}