Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Eco-Acuícola S.A.C. y Ecosac Agrícola S.A.C.
Narvaez, Carlos Eduardo
USD $ 58,500,000
USD $ 35,000,000
Project scope and objective
The proposed transaction consists of a senior secured loan for Eco-Acuícola S.A.C. and Ecosac Agrícola S.A.C. (“Ecosac” or the “Company”). The transaction consists of an A/B loan for up to US$58.5 million, with a 10-year term (7 years for the B loan) and a two-year grace period with a collateral guarantee acceptable to IDB Invest.
The funds will be used to finance: (i) expansion capital investments to increase crop production and the efficiency of existing operations; (ii) permanent working capital; and (iii) debt refinancing (the “Project”).
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