Bladex structures $1B loan for Panama government

Rhea-AI Filing Summary

BLADEX, INC. (BLX) reports that it has structured a senior loan for up to USD 1.0 billion for the Republic of Panama, acting through the Ministry of Economy and Finance. Proceeds are intended for Panama’s general budgetary purposes.

The bank describes this as the largest transaction it has structured and granted, highlighting that it provides Panama with agile access to funding under competitive terms and diversifies the country’s sources of financing. Management states that the deal underscores Bladex’s capability to arrange large-scale solutions for sovereign and institutional clients across Latin America and reaffirms its role as a regional financial partner.

Filing Explained

The disclosure sets a loan ceiling, not a demonstrated draw, leaving Bladex’s funding exposure and common-holder effect unquantified.

As a Form 6-K interim report, this filing says Bladex has structured and granted a senior loan for up to USD 1.0 billion to Panama through its finance ministry for general budget purposes; it establishes a maximum facility size, not a reported funded amount or ownership change for common holders.

Although the company calls it its largest transaction structured and granted, the filing establishes only a maximum loan amount; it does not establish that the full USD 1.0 billion was disbursed.

The filing provides no consideration, funded amount, lending terms, dilution, or conversion mechanics, so its effect on Bladex's liquidity or common holders cannot be sized from this disclosure.

Key Figures

Senior loan size: USD 1.0 billion Years since founding: More than 45 years Number of shareholder countries: 23 countries +1 more

4 metrics

Senior loan size USD 1.0 billion Maximum amount of the senior loan structured for the Republic of Panama

Years since founding More than 45 years Bladex was founded in 1979 and references over 45 years of history

Number of shareholder countries 23 countries Central banks, state-owned banks, and entities from 23 Latin American and Caribbean countries are shareholders

NYSE listing start year 1992 Year Bladex shares began trading on the New York Stock Exchange

Key Terms

senior loan, sovereign clients, general budgetary purposes

3 terms

senior loan financial

"announced the structuring of a senior loan for up to USD 1.0 billion"

A senior loan is a debt that gets paid back before other debts if a borrower runs into trouble, often secured by assets and carrying a floating interest rate. Think of it as being first in line at a repayment window: that priority generally makes it safer than lower-ranking loans or equity, which matters to investors because it affects expected return, default risk, and how much they might recover if the borrower fails.

sovereign clients financial

"financial solutions for sovereign and institutional clients across the region"

general budgetary purposes financial

"with proceeds to be used for the country’s general budgetary purposes"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What major transaction did BLX announce in this Form 6-K?

Bladex announced it structured a senior loan for up to USD 1.0 billion for the Republic of Panama, through the Ministry of Economy and Finance, with proceeds earmarked for the country’s general budgetary purposes.

How significant is this USD 1.0 billion loan for BLX?

Bladex states that this is the largest transaction structured and granted by the bank to date, emphasizing its capacity to deliver large-scale financial solutions to sovereign and institutional clients in the region.

What benefits does the Republic of Panama receive from the BLX loan?

According to Bladex, the loan allows the Republic of Panama to access funding in an agile manner under competitive terms and helps diversify its sources of financing, with proceeds used for general budgetary purposes.

What role does BLX highlight for itself in the region?

Bladex highlights its role as a financial partner supporting the region’s development and financing objectives through relevant, competitive, and swiftly executed solutions for sovereign and institutional clients.

Where does BLX operate and how long has it been active?

Bladex began operations in 1979 and is headquartered in Panama. It maintains offices in Argentina, Brazil, Colombia, and Mexico, a New York agency, and a representative office in Peru, serving financial institutions and corporations throughout the region.

Who are typical shareholders of BLX?

Bladex’s shareholders include central banks, state-owned banks, and representative entities from 23 Latin American and Caribbean countries, along with commercial banks and institutional and private investors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 05:02 PM Accepted by SEC EDGAR 09/16/2026 - 05:01 PM Learn about SEC filing dates

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 September, 2026

Commission File Number 1-11414

BLADEX, 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 Principal Executive Office)

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 o

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.

						BLADEX, INC.
						(Registrant)
Date:  September 16, 2026			By:			/s/ Annette van Hoorde de Solís
			Name:			Annette van Hoorde de Solís
			Title:			Chief Financial Officer

BLADEX STRUCTURES USD 1.0 BILLION LOAN FOR THE REPUBLIC OF PANAMA

Panama City, Republic of Panama, September 16, 2026 – Bladex (NYSE: BLX) announced the structuring of a senior loan for up to USD 1.0 billion for the Republic of Panama, through the Ministry of Economy and Finance (MEF), with proceeds to be used for the country’s general budgetary purposes.

The transaction, the largest structured and granted by Bladex, enables the Republic of Panama to access funding in an agile manner under competitive terms, while diversifying its sources of financing.

“This transaction reflects Bladex’s ability to structure large-scale financial solutions for sovereign and institutional clients across the region. For us, it is especially meaningful to participate in a transaction of this importance in Panama, the country where Bladex was founded more than 45 years ago. The transaction demonstrates Bladex’s confidence in Panama and reaffirms the role our institution can play as a financial partner in supporting the region’s development and financing objectives through relevant, competitive, and swiftly executed solutions,” said Samuel Canineu, Chief Commercial Officer of Bladex.

About Bladex

Originally established by the central banks of the region, Bladex began operations in 1979 and today provides financial solutions to financial institutions and corporations throughout the region. Headquartered in Panama, the Bank maintains offices in Argentina, Brazil, Colombia, and Mexico, a New York agency, and a representative office in Peru. Bladex has been listed on the New York Stock Exchange (NYSE: BLX) since 1992, and its shareholders include central banks, state-owned banks, and representative entities from 23 countries in Latin America and the Caribbean, as well as commercial banks and institutional and private investors.

For further information on Bladex, please access its website at www.bladex.com or contact:

Carlos Daniel Raad – Chief Investor Relations Officer

E-mail address: craad@bladex.com / ir@bladex.com. Tel.: (+507) 366-4925 ext. 7925

Head Office Address: Torre V, Business Park, Ave. La Rotonda, Urb. Costa del Este,

Panama, Republic of Panama