Ecosac LT Financing (IDBI-13286-01)

Countries
  • Peru
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
Jul 16, 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
ECOSAC
The holder of the loan, grant, or other investment.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 35.00 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 Jun 23, 2021


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Project Description

The proposed transaction consists of a senior secured loan for Eco-Acuícola S.A.C. and Ecosac Agrícola S.A.C. (collectively "Ecosac" or the "Company").
The transaction consists of an A / B Loan for up to US $ 58.5 million, for a term of 10 years (7 years in the case of loan B) with a two-year grace period and a guarantee on assets acceptable to IDB Invest. The funds will be used to finance: (i) capital expansion investments to increase crop production and the efficiency of existing operations; (ii) for permanent working capital; and (iii) refinancing of financial debt (the “Project”).

People Affected By This Project

En caso de consultas sobre el Proyecto, comuniquese con:

Nombre:Karen Vilela Adanaque y/o Hector Guillermo Rubina

Cargo:Jefe de Sistema de Gestion Integrado, Gerente General

Telefono:+ 51-073628605

Correo electronico:kvilela@ecosac.com.pe

En caso de consultas o comentarios para BID Invest, comuniquese con:

Nombre:Grupo de Comunicaciones de BID Invest

Correo electronico:requestinformation@idbinvest.org

Ademas, las comunidades afectadas pueden acceder al Mecanismo Independiente de Consulta e Investigacion de BID Invest:

Telefono:+1 (202) 623-3952

Fax:+1 (202) 312-4057

Direccion:1300 New York Ave. Washington, DC. EE. UU. 20577

Correo electronico:mecanismo@iadb.orgoMICI@iadb.org

Investment Description
  • IDB Invest (IDBI)