Banco Latinoamericano de ercio Exterior(BLX)
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BLADEX ANNOUNCES QUARTERLY DIVIDEND PAYMENT FOR SECOND QUARTER 2025
Prnewswire· 2025-08-04 21:30
Group 1 - Bladex announced a quarterly cash dividend of US$0.625 per share for Q2 2025, payable on September 3, 2025, to stockholders as of the record date of August 15, 2025 [1] - As of June 30, 2025, Bladex had 37,231,194.86 shares outstanding across all classes [1] Group 2 - Bladex is a multinational bank established in 1979 by the central banks of Latin American and Caribbean countries to promote foreign trade and economic integration [2] - The bank is headquartered in Panama and has offices in Argentina, Brazil, Colombia, Mexico, the United States, and a representative license in Peru [2] - Bladex has been listed on the NYSE since 1992, with shareholders including central banks, state-owned banks, commercial banks, financial institutions, and retail investors from 23 Latin American countries [3]
IDB Invest and Bladex Support Tigo El Salvador to Expand Broadband Infrastructure and Enhance Digital Inclusion
Prnewswire· 2025-07-28 22:10
Financing Overview - IDB Invest and Bladex are providing a financing package of up to $205 million to Telemóvil El Salvador, S.A. de C.V. (Tigo) for the expansion of its broadband network and mobile infrastructure [1][7] - The financing package includes a $150 million loan, with $75 million from each IDB Invest and Bladex, a $30 million Revolving Credit Facility (RCF), and a $25 million Digital Account Receivables Discount Facility, all aimed at enhancing Tigo's services [2] Project Objectives - The project aims to improve productivity, digital inclusion, and economic resilience by expanding and upgrading network infrastructure in response to expected surges in data traffic [3] - Enhanced broadband services are intended to unlock access to digital education, telehealth, and e-commerce opportunities for underserved populations [3] Company Profiles - IDB Invest is a multilateral development bank focused on promoting economic development in Latin America and the Caribbean through private sector financing, managing a portfolio of $21 billion [4] - Bladex, founded in 1979, promotes trade finance and economic integration in Latin America and the Caribbean, providing financial solutions to institutions and corporations in the region [5] - Tigo, a subsidiary of Millicom, has been a leader in El Salvador's digital evolution since 1992, offering high-speed internet, mobile services, and promoting financial inclusion through Tigo Money [6]
BLADEX'S SECOND QUARTER 2025 CONFERENCE CALL
Prnewswire· 2025-07-15 11:00
Core Points - Bladex will hold a conference call to discuss its second quarter 2025 results on August 5, 2025, at 11:00 a.m. Eastern Time [1] - The earnings release for the second quarter will be announced on August 4, 2025, after market close [2] - Bladex is a multinational bank established in 1979 to promote foreign trade and economic integration in Latin America and the Caribbean [3] - The bank is headquartered in Panama and has offices in several countries, including Argentina, Brazil, Colombia, Mexico, and the USA [3] - Bladex has been listed on the NYSE since 1992, with shareholders including central banks and state-owned entities from 23 Latin American countries [4]
Boralex will release its 2025 second quarter financial results on August 8, at 11 a.m.
Globenewswire· 2025-07-08 13:30
Core Points - Boralex Inc. will release its 2025 second quarter results on August 8, 2025, at 11 a.m. ET [1] - A conference call will be held for financial analysts and investors to discuss the results [1] - The financial information will be available through a press release and on Boralex's website at 7 a.m. on the same day [3] Company Overview - Boralex has been providing affordable renewable energy for over 30 years and is a leader in the Canadian market [4] - The company is the largest independent producer of onshore wind power in France and has facilities in the United States and development projects in the United Kingdom [4] - Over the past five years, Boralex's installed capacity has increased by more than 50% to 3.2 GW [4] - The company is developing a portfolio of over 8 GW in wind, solar, and storage projects, guided by corporate social responsibility values [4] - Boralex has been recognized as the Best Corporate Citizen in Canada by Corporate Knights [4] - The company's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX [4]
La Caisse and Fondaction invest $250 million by way of a subordinated loan to Boralex
Globenewswire· 2025-07-07 11:00
Core Viewpoint - Boralex Inc. has successfully closed an additional corporate financing of $250 million through an unsecured subordinated loan, which will support its growth strategy and project financing [1][3]. Financing Details - The financing consists of a $250 million unsecured subordinated loan with an 8-year term, provided by La Caisse ($200 million) and Fondaction ($50 million) [1][7]. - The loan is non-amortizing, with repayment due at maturity on June 27, 2033, and interest payable semi-annually [7]. Strategic Alignment - This financing aligns with Boralex's 2030 Strategy, announced on June 17, aimed at mobilizing resources for project financing and diversifying funding sources while maintaining financial discipline [3]. - La Caisse's investment reflects its commitment to supporting Boralex's growth in renewable energy, reaffirming confidence in the company's execution capacity and international expansion [3][10]. Environmental Commitment - The investment is characterized as an impact investment, supporting the development of clean energy infrastructure with measurable environmental benefits, aligning with Fondaction's strategic objectives in combating climate change [4][12]. - La Caisse has announced a climate strategy targeting $400 billion in investments related to climate action by 2030, emphasizing the importance of decarbonization [3][11]. Company Overview - Boralex is a leader in renewable energy production in Canada and the largest independent producer of onshore wind power in France, with over 30 years of experience [8]. - The company has increased its installed capacity by more than 50% to 3.2 GW over the past five years and is developing a project portfolio exceeding 8 GW in wind, solar, and storage [8].
Bladex Leads USD 120 Million Syndicated Loan for Sudameris Bank, Supporting Its Growth in Paraguay
Prnewswire· 2025-07-03 13:50
Core Insights - The transaction involves a USD 120 million syndicated loan for Sudameris Bank, aimed at accelerating its expansion in Paraguay by broadening financing options for SMEs and corporations [2][6] - The loan was oversubscribed, indicating strong market appetite and confidence in Paraguay's macroeconomic stability and Sudameris' growth strategy [5] Group 1: Transaction Details - The loan was successfully closed by Banco Latinoamericano de Comercio Exterior (Bladex) and involved ten financial entities, with six participating for the first time, enhancing Sudameris' network of international partners [2][3] - Bladex demonstrated agility and technical expertise by structuring and coordinating the loan in under two months, capitalizing on favorable market conditions [4] Group 2: Institutional Impact - Proceeds from the loan will enable Sudameris to enhance its institutional growth by expanding financing opportunities for small and medium-sized enterprises and corporations [6] - Sudameris Bank is recognized as the leading lender to the productive sector in Paraguay, particularly in industrial, livestock, and agricultural segments, reinforcing its role in the country's economic development [9] Group 3: Strategic Partnerships - The transaction underscores the long-standing strategic partnership between Bladex and Sudameris, aimed at strengthening Paraguay's financial system and promoting regional economic growth [3][7] - Both institutions are committed to creating financial solutions that support sustainable economic development in Latin America [7][8]
Boralex recognized as Best Corporate Citizen in Canada by Corporate Knights
Globenewswire· 2025-06-25 11:00
Core Insights - Boralex has been recognized as the top company in Corporate Knights' annual 'Best 50 Corporate Citizens' ranking in Canada, highlighting its commitment to sustainable development [1][2] - The company's vision focuses on contributing to a renewable energy future while ensuring a safe and inclusive work environment, with a commitment to achieving net-zero emissions by 2050 [2] - Boralex's recent Corporate Social Responsibility (CSR) Report emphasizes its inclusive recruitment process, workforce development initiatives, and greenhouse gas emission reduction targets approved by the Science-based Target Initiative [4] Company Overview - Boralex has over 30 years of experience in providing affordable renewable energy and is a leader in the Canadian market, as well as the largest independent producer of onshore wind power in France [5] - The company's installed capacity has increased by more than 50% over the past five years, reaching 3.2 GW, with ongoing projects in wind, solar, and storage totaling over 8 GW [5] - Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX [5]
Alain Rhéaume Announces His Retirement as Chair of the Board of Directors of Boralex
Globenewswire· 2025-06-19 12:30
Core Points - Boralex Inc. announced the upcoming retirement of its Board Chair, Mr. Alain Rhéaume, who will step down once a successor is appointed, no later than December 2025 [1][2] - The selection process for the new Chair will be overseen by the Board's Governance Committee, in line with the company's governance policies [2] - Mr. Rhéaume's retirement follows the release of Boralex's 2030 Strategy, which aims to guide the company's future direction [2][3] - Under Mr. Rhéaume's leadership, Boralex has made significant progress in its strategic directions and governance, which are crucial for stakeholders [3] - The company is well-positioned to capitalize on the strong growth in energy demand and the ongoing energy transition, presenting significant opportunities in the renewable energy sector [4] - Boralex has seen a renewal of its executive team, including the appointment of Patrick Decostre as President and CEO, and welcomed three new directors to enhance the Board's skills [8] - The company has achieved its objectives under the 2025 Strategic Plan and is set to continue its growth trajectory with the newly unveiled 2030 Strategy [8] - Boralex has increased its installed capacity by over 50% to 3.2 GW over the past five years and is developing a project portfolio exceeding 8 GW in wind, solar, and storage [10]
Combining Sustainable Growth with Performance: Boralex Announces Its Strategic Plan and Financial Objectives for 2030
Globenewswire· 2025-06-17 12:00
Core Insights - Boralex has announced its 2030 Strategic Plan, focusing on sustainable growth and performance through renewable energy production [3][5] - The company aims to execute a disciplined growth strategy with a project pipeline totaling 8 GW, enhancing its long-term power purchase agreements [4][7] - Boralex's financial objectives are entirely organic, reflecting a commitment to lower risk and greater control over growth compared to previous plans [5][10] Strategic Highlights - The 2030 Strategy emphasizes organic growth, targeting investments that will yield results over the next five years and beyond [5] - The company plans to double its installed capacity every five years, aiming for a net-zero trajectory by 2050 [7] - Boralex is focusing on two strong leadership markets (Canada and France) and two expanding markets (certain U.S. states and the United Kingdom) [7] Financial Objectives - Boralex targets a compound annual growth rate (CAGR) of operating income between 12% to 14% and consolidated EBITDA(A) between 7% to 9% from 2025 to 2030 [8] - The company plans total investments of $6.8 billion, with an additional $1.2 billion for projects scheduled after 2030, aiming for a minimum levered internal rate of return (IRR) of 10% to 12% [16] - A payout ratio of 20% to 40% of discretionary cash flows is also part of the financial strategy [16] Market Position and Growth - Boralex has increased its installed capacity by over 50% to 3.2 GW in the past five years and is developing a portfolio of projects totaling 8 GW in wind, solar, and storage [12] - The company is committed to maintaining disciplined financial management and introducing cash flows per share growth objectives [7][9] - The weighted average remaining duration of contracts is expected to increase from 11 years in 2024 to 14 years by 2030, enhancing financing structures [7][4]
REMINDER: Boralex to hold Investor Day and present its 2030 Strategy on June 17, 2025
Globenewswire· 2025-06-16 13:30
Core Points - Boralex will present its 2030 Strategy at an Investor Day on June 17, 2025, in Toronto, inviting financial analysts, investors, and media to attend either in person or via a live video webcast [1] - The conference will take place from 10 a.m. to 12:30 p.m. (ET) and will be available for replay on Boralex's website until July 17, 2026 [2] - Members of Boralex's Executive Committee will be available for media interviews on the afternoon of June 17, 2025, to discuss the 2030 Strategy [3] Company Overview - Boralex has been providing affordable renewable energy for over 30 years and is a leader in the Canadian market, as well as France's largest independent producer of onshore wind power [4] - The company has increased its installed capacity by more than 50% over the past five years, reaching 3.2 GW, and is developing a portfolio of over 8 GW in wind, solar, and storage projects [4] - Boralex is committed to sustainable growth and actively participates in the fight against global warming, guided by its corporate social responsibility (CSR) approach [4]