Basic information
Company name
Procaps S.A.
Investment type
Loan
E&S category
B
Disclosed date
Projected board date
Approval date
Team Leader
Quinones, Jose Gustavo
Financial Summary
Financing amount
$ 20,000,000
Financing Currency
USD
Project
Scope
and
Objective
and
participation
of
IDB
Invest
The proposed financing consists of a loan to Procaps S.A. ("Procaps" or "the Company") in an aggregate amount of up to US$20 million for a term of up to three years. The project aims to support the expansion plan of Procaps, a company dedicated to the development, production and marketing of pharmaceutical drugs and advanced drug delivery system. The loan will properly finance the Company's long cash cycles, reducing short-term pressure, and provide additional resources for continued Research and Development investment and capital expenditures, both regulatory and growth-related.
