According to the Bank’s website, this transaction consists of a total financing of up to US$30 million to Acería del Ecuador C.A (“Adelca”).
Adelca is the leading company in the production and marketing of steel products and derivatives in Ecuador, with an experience spanning 60 years. It focuses on meeting the needs of the construction sector through the wholesale channel and directly to its customers.
The proposed financing consists of: (i) a senior committed facility for up to US$15 million to finance imports of inputs for the development of a new steel production line; (ii) a senior uncommitted facility for up to US$10 million for the same use of funds; and (iii) a senior uncommitted loan for up to US$5 million to finance digital transformation projects to optimize its steel manufacturing process.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Acería del Ecuador C.A (Adelca)||Client||-|
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