Bladex closes US$700 million syndicated loan as Joint Lead Arranger for YPF to finance its exports

Rhea-AI Summary

Bladex (NYSE: BLX) closed a US$700 million syndicated loan on Oct. 28, 2025, as Joint Lead Arranger for YPF to finance exports.

The financing is a three-year Pre-Export Facility to pre-finance exports and working capital, was co-led with three international banks, oversubscribed, and included American and Asian bank participation. Bladex said the deal supports Vaca Muerta development and underscores market confidence in Argentina's energy export potential and the bank's regional trade-finance leadership.

Positive

• Closed a US$700 million syndicated loan on Oct. 28, 2025
• Three-year Pre-Export Facility for export pre-finance and working capital
• Transaction was oversubscribed, indicating strong market demand
• Included participation from American and Asian banks
• Co-led with three international financial institutions
• Reaffirms Bladex leadership in Latin America energy finance

Negative

• None.

Insights

Trade Finance Analyst

Bladex led an oversubscribed US$700 million pre-export facility for YPF, signalling strong market support for Argentina energy exports.

Bladex acted as Joint Lead Arranger on a US$700 million syndicated, three-year Pre-Export Facility to pre-finance exports and working capital for YPF. The deal was oversubscribed and included American and Asian banks, which implies fee income and transaction pipeline validation for the bank.

The main dependencies are repayment tied to YPF export performance and commodity-related cashflows from Vaca Muerta. The announcement cites projected export revenues and job creation by 2030, which are outcome assumptions rather than guaranteed cash flows. Key items to watch over the next three years include syndicate roll-forward, drawdown schedule, and any disclosed covenants or collateral that affect bank credit exposure.

PANAMA CITY, Oct. 28, 2025 /PRNewswire/ -- Bladex (NYSE: BLX), a leading foreign trade finance bank in Latin America, today announced the successful closing of a US$700 million syndicated loan to YPF, aimed at supporting the development of its export activities.

The financing, structured as a three-year Pre-Export Facility, will be used to pre-finance exports and working capital. The transaction was co-led with three other international financial institutions, was oversubscribed, and included the participation of American and Asian banks, underscoring the strong support and confidence of the market in the company and in the potential of Argentina's energy sector.

"This syndicated loan reflects Bladex's confidence in Argentina's potential and in the strategic relevance of the Vaca Muerta project led by YPF. With this transaction, we reaffirm our commitment to financing initiatives that foster the economic development of countries in the region,"  said Carlos de Alvear, Head of South America and Mexico at Bladex.

Located in the Neuquén Basin, Argentina, Vaca Muerta is considered the world's second-largest shale gas reserve and the fourth-largest shale oil reserve. Its development represents a strategic opportunity for the country to consolidate energy self-sufficiency and become a key exporter for the region and the world.

In addition to its economic impact, the development of Vaca Muerta is projected to generate billions of dollars in annual exports and contribute to the creation of more than 50,000 direct and indirect jobs by 2030, boosting Argentina's economy and strengthening its position in the global energy market.

Aligned with its regional strategy, Bladex consolidates its leadership position as a financial partner of choice for leading energy companies and strategic players in the region. Through transactions such as this, the Bank reaffirms its commitment to driving key investments that strengthen energy security and generate real economic impact in Latin America, fostering exports, investment, and long-term employment.

About Bladex

Bladex is a multinational bank established in 1979 by the central banks of Latin America and the Caribbean to promote trade finance and economic integration in the region. Headquartered in Panama, with representative offices in Argentina, Brazil, Colombia, and Mexico, and a representative agency in the United States, the Bank provides financial solutions to institutions and corporations throughout the region. Bladex has been listed on the New York Stock Exchange (NYSE: BLX) since 1992 and on the Mexican Stock Exchange for over a decade. Its shareholder base includes central banks, government entities, and banks from twenty-three Latin American countries, as well as institutional and private investors. www.bladex.com          

Logo - https://mma.prnewswire.com/media/2665948/5270533/PNG_Logo.jpg 

Contact:
Felipe Suarez
SVP Head of Loan Structuring & Sindications ,
Tel: +(507) 210-8500
www.bladex.com
@bladexlatam

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SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)

FAQ

What did Bladex (BLX) announce on Oct. 28, 2025 regarding YPF?

Bladex announced it closed a US$700 million syndicated loan as Joint Lead Arranger to finance YPF export activities.

What is the tenor and purpose of the US$700 million BLX-structured loan for YPF?

The financing is a three-year Pre-Export Facility to pre-finance exports and working capital.

Who participated in the BLX-led syndicated loan for YPF and was it fully subscribed?

The transaction was co-led with three international institutions, included American and Asian banks, and was oversubscribed.

How does the BLX-YPF loan relate to Vaca Muerta and Argentina exports?

Bladex said the loan supports development of Vaca Muerta and aims to finance expanded export activity from Argentina's energy sector.

What does the US$700 million deal suggest about Bladex's market position (BLX)?

The bank described the transaction as reinforcing its role as a regional trade-finance partner for major energy companies.