"The transaction consists of a revolving and uncommitted multi-currency line of credit (US $ / MXN) for five years, up to US $ 16.2 million, under which IDB Invest will extend financing to the Companies for terms of up to 180 days (“the Ease")
This transaction is aligned with the efforts to “accelerate” defined in IDB Invest's Response to COVID-19 (CII / GN-419), by supporting a major Mexican processed products company by maintaining the fluidity of transactions within its supply chain to accelerate your growth strategy.
Borrowers will use IDB Invest funds to finance the purchase of raw materials (peanuts, seeds, cereals, and others) from Eligible Suppliers. The structure includes the presentation of shipping documentation in order to ensure the correct use of funds."
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