Norson Holding, S. de R.L. de C.V.
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
Narvaez, Carlos Eduardo
USD $ 60,500,000
USD $ 35,000,000
USD $ 65,000,000
Project scope and objective
The Project consists in two financing facilities to support Norson Holding, S. de R.L. de C.V (“Norson”, the “Company”, or the “Client”): (i) financial support facility to eligible suppliers from Norson’s supply chain (“Reverse Factoring”), and (ii) limited-resource financing facility to Norson, whereby IDB Invest will finance eligible farmers especially created to develop (design, build, operate and maintain) infrastructure (mainly, pig farms) related to Norson’s value chain under a sharefarming system (the “Sharefarming Financing”, jointly, the Sharefarming Financing and Reverse Factoring, the “Project”).
The factoring consists in a revolving uncommitted reverse factoring credit line to Norson and its eligible subsidiaries (the Buyers) in the amount of US$30 million. Through this line, IDB Invest seeks to enable access to financing at competitive prices for the Buyers’ suppliers (SMEs) in Mexico.
The Sharefarming Financing will amount to US$35 million with a line granted by IDB Invest to each company of up to 33% of the cost of each project under the Sharefarming Financing, and it consists in creating and developing eligible companies not controlled by Norson the design, construction, operation and maintenance of facilities for pig farms related to Norson’s pork production operations.
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IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005