Arias, Fábrega & Fábrega acted as counsel to Banco Latinoamericano de Exportaciones (BLADEX) in connection with a US$245 million syndicated term loan agreement.

The banks members of the syndicate included Banco Santander, S.A., New York Branch, Standard Chartered Bank, Mizuho Corporate Bank Ltd., BNP Paribas Panama branch, Commerzbank Aktiengesellschaft, Credit Suisse, Landesbank Baden-Württemberg, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Banco Español de Crédito, S.A., New York Branch, Erste Bank (Malta) Limited and Raiffeisen Zentralbank.