According to the bank, the proposed transaction consists of a syndicated loan led by IDB Invest. The Loan will be used: (i) to finance fixed investments of 16 companies of CMI Alimentos located in Guatemala, El Salvador, Honduras, Costa Rica and Dominican Republic, to continue expanding their operations, improving their productivity levels, renew fixed assets and carry out environmental projects, and (ii) to finance the purchase of 50% of the shares of Procesadora Nacional de Alimentos CA (Pronaca) in Ecuador, to support the inorganic expansion of CMI Alimentos (the "Project").
CMI Alimentos is the main business division of Corporacion Multi Inversiones ("CMI"), one of the most important economic groups in Central America with operations in 9 countries. The economic activities of CMI Alimentos include the production of chicken, pork and derived products (Industria Pecuaria), the production of wheat flour, corn, pasta and cookies (Molinos Modernos), and the operation of fast food restaurants (Restaurantes de Centroamerica).
For Project inquiries, please contact:
Client's contact name: Hector Tellez o Cecilia Contreras
Position: Corporate Treasurers
Telephone: (+502) 2423-4000
For inquiries and comments to IDB Invest, please contact: IDB Invest Communications Group. E-mail: firstname.lastname@example.org
For Project inquiries, including questions on environmental and social issues related to IDB Invest investments, please contact the Client or IDB Invest using the contact information provided above.
As a last resort, communities affected by the Project have access to IDB Invest's Independent Consultation and Investigation Mechanism (http://www.iic.org/en/who-we-are/integrity-and-transparency).
Tel: +1 (202) 623-3952
Fax: +1 (202) 312-4057
Address: 1300 New York Ave. NW Washington, DC. United States of America. 20577