According to bank provided information, the investment involves the provision of up to MAD 36.9m (EUR 3.5m equivalent) senior secured loan to Landor Maroc Industries (the "Borrower" or "LMI") to partially fund its capex program and working capital needs. LMI is the Moroccan subsidiary of Landor SA ("Landor" or the "Sponsor").
The Project aims to partially finance (i) new equipment related to cheese slices, triangle cheese, and sauces, (ii) building and storage capacity extension, and (iii) working capital needs related to LMI operations.
Sponsor: Landor SA ("Landor" or the "Sponsor") is a Tunisian joint-stock company, and one of the leading local processed cheese producers, with a wide range of products for mass consumption and Hotels-Restaurants-Catering segment. Landor was created in 1994 by Dr Hatem Denguezli and has been listed on the Tunis Stock Exchange since 2013. Landor and its subsidiaries have 456 employees in total.
Borrower: Landor Maroc Industries is the recently established subsidiary of Landor SA in Morocco that will own and operate a new cheese processing plant in Morocco.
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