Primus Capital SME Financing Partnership (IDBI-12343-01)

Countries
  • Chile
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 30, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Primus Capital SpA
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 7.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 7.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Nov 23, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the bank, the proposed operation contemplates a Senior Unsecured Loan of up to US$7 million (the "Loan") to be financed by IDB Invest. The term of the Loan is one year, renewable four times more for periods of up to one (1) year, at the discretion of IDB Invest. Loan funds will be used to finance Small and Medium-Sized Enterprises ("SMEs") through factoring and financial leasing operations.

Investment Description
  • IDB Invest
Private Actors
Contact Information

Client Contact name: Brian Moore P.
Title: Manager of Operations and Finance
Phone number: (562) 2411 2100
email address:
bmoore@primuscapital.cl