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Rassini Automotriz, S.A. de C.V. ("Rassini" or "the Company") has asked IDB Invest for financial assistance (the "Project") in establishing an uncommitted revolving credit line (the "line") to finance Rassini's suppliers through acquisition of collection rights. The transaction includes accounts receivable whose payment will be deferred because of the exceptional measures taken by the Company to mitigate the impact of COVID-19 on its suppliers.
The teext in the IDBInvest webpage says explicitly it is a "credit line".
Luis Eduardo Diaz
Treasury Manager
(+52) 55 - 5229 5863
lediaz@rassini.com
For questions about projects, including environmental and social issues associated with an IDB Invest transaction, please contact the client (see Investment Summary) or IDB Invest through e-mailrequestinformation@idbinvest.org. As a last resort, affected communities have access to IDB Invest's Independent Consultation and Investigation Mechanism throughmecanismo@iadb.orgorMICI@iadb.org, or by calling +1(202) 623-3952.