The proposed project consists of a senior secured financing package for up to US$30 million comprised of: (i) a senior secured “A” Loan in an amount of up to US$20 million, for IFC’s own account, including US$10 million of unfunded credit risk participation from credit insurance (CIP) and (ii) an up to US$10 million mobilization package through a senior secured “B1” loan and/or parallel loan for Corporacion CAFSA, S.A., Financiera CAFSA, S.A., and Arrendadora CAFSA, S.A. (altogether CAFSA or the Company) in Costa Rica. The purpose of the investment is to support the growth of CAFSA’s financing and leasing portfolios for i) small and medium enterprises (SMEs) that seek financing solutions to acquire vehicles and ii) for the purchase of hybrid and/or electric cars (HEV), which are expected to represent at least 25% of the proceeds (the “Project”).
Corporacion CAFSA owns 100% of the shares of Financiera CAFSA and Arrendadora CAFSA.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|CAFSA S.A.||Parent Company||Finance||owns||Arrendadora CAFSA S.A.||Subsidiary||Finance|
|CAFSA S.A.||Parent Company||Finance||owns||Corporación CAFSA S.A.||Subsidiary||Finance|
|CAFSA S.A.||Parent Company||Finance||owns||Financiera CAFSA S.A.||Subsidiary||Finance|
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