Banco Aliado secured a $130 million credit facility from JPMorgan Chase Bank, Banco Latinoamericano de Comercio Exterior (Bladex) and Banistmo.

Proceeds will be used to finance the acquisition of Banco Panamá.

Panama’s Banco Aliado is a commercial bank that provides products and services such as deposits, lending, leasing, factoring, investment banking, and online banking.

In U.S., Arnold & Porter advised Banco Aliado. Alfaro, Ferrer & Ramírez (AFRA) advised Banco Aliado.

In U.S., Skadden advised JPMorgan Chase, Banco Latinoamericano de Comercio Exterior (Bladex) and Banistmo.

In Panama, Arias, Fábrega & Fábrega – ARIFA advised JPMorgan Chase, Banco Latinoamericano de Comercio Exterior (Bladex) and Banistmo.