Mercon (IDBI-13054-01)

Countries
  • Mexico
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
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
B
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
Apr 12, 2021
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
Mercon B.V. Mercon Coffee Corp.
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
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)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Mar 15, 2021

Disclosed by Bank Mar 12, 2021


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Project Description

The proposed financing to Mercon B.V. and Mercon Coffee Corp. (the "Borrowers", "Mercon" or the "Company") aims to provide liquidity to Borrowers, throughout the coffee value chain from their operations of origin, coffee production (own and from third parties) and its processing, to destination, logistics and commercialization (mainly exports), to promote the growth of its sales of coffee originating in Brazil, Colombia, Guatemala, Honduras, and Peru.

The proposed financing consists of a revolving, uncommitted, short-term credit line linked to sustainability parameters of up to US$50 million, which will be part of a syndicated credit line of up to US$500 million, subject to optional incremental features. The participation of IDB Invest will support the Company to ensure the relevant financing for its operations, mainly financing its original activities.

Investment Description
  • IDB Invest (IDBI)
Private Actors
Contact Information

For questions about the Project please contact:

Name:                  Leonardo Morales 

Title:                     CFO

Telephone:          +(505) 2255-9200

E-mail:                 lmorales@merconcorp.com

 

For questions and comments to IDB Invest, please contact:

Name:               IDB Invest Communication Group

E-mail:              divulgacionpublica@IDBInvest.org

 

In addition, affected communities can access IDB Invest’s Independent Consultation and Investigation Mechanism (ICIM) as follows:

Telephone:        +1 (202) 623-3952

Fax number:      +1 (202) 312-4057

Address:             1300 New York Ave. NW Washington, DC. USA. 20577

E-mail:               mecanismo@iadb.org or MICI@iadb.org