| Project Detail |
The transaction consists of an uncommitted revolving multi-currency credit facility (US$/MXN) for five years up to US$16.2 million, where IDB Invest will extend financing to the Companies with 180 days term (the “Facility”).
This transaction is aligned with the efforts to “accelerate” defined in the IDB Invest Response to COVID-19 (CII/GN-419), by supporting a major Mexican processed products company to maintain the fluidity of transactions within its supply chain to accelerate your growth strategy.
The Borrowers will use IDB Invest funds to finance the import of commodities (peanuts, seeds, fruits, cereals, and the purchase of other raw materials) from eligible suppliers. The structure includes the presentation of shipping documentation in order to ensure the correct use of funds. |
