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Company name

PRIZE - CAPEX

Project number

15055-01

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.

E&S category
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B

Country

Regional

Sector

Agribusiness

Status

In implementation

Disclosed date

09/04/2024

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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11/05/2024

Approval date

11/05/2024

Signed date

12/17/2024

Sponsoring entity

PRIZE Holding Chile SPA

Investment Operations Department Contact

Corporates Division

Investment type

Syndicated amount

N/A

Financing amount

USD $ 135,000,000

Currency

USD

Project scope and objective

Prize Holding Chile SpA. and its subsidiaries is a group of companies engaged in producing, processing, packing and selling fruits, specifically, cherries, blueberries, pears, walnuts, plums, nectarines, grapes, kiwis, oranges, tangerines and apples, among others. Organized in Chile, the Company is expanding its operations to Peru and Mexico.

 

The financing proposed consists in a senior loan of up to US$20 million over 390 days, a long-term senior loan for up to US$70 million over a maximum term of 10 years earmarked for the Company’s investment program for 2024 and 2025 in order to increase production, implement new technologies and efficiencies in its operations in Chile, Peru and Mexico. In addition there will be a line to finance working capital in the amount of up to US$30 million.

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

PRIZE - ENRIVONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

245.8 Kb

PRIZE CAPEX - ENVIRONMENTAL SOCIAL ACTION PLAN (ESAP)

215.0 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

vabogabir@prize.cl

PHONE NUMBER

+56 72 2584 880

POST OFFICE ADDRESS

Av. El Abra Km 3, Requinoa, Región del Libertador Gral. Bernardo O’Higgins, Chile.

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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Learn more about how we provide private-sector solutions in the region .