Company name
Dinvertech SPR de RL de CV
Project number
15372-01
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
B
Country
Mexico
Sector
Agribusiness
Status
In implementation
Disclosed date
04/10/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
07/18/2025
Approval date
07/29/2025
Signed date
08/21/2025
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
USD $ 40,000,000
Financing amount
USD $ 90,000,000
Currency
USD
Project scope and objective
The proposed financing to Dinvertech, S.P.R de R.L. de C.V. (the “Borrower” or the “Company”), a Mexican agricultural producer, consists of a financing of up to US$90 million (the “Financing”), composed of the following: (i) a senior secured A/B loan of up to US$80 million, of which US$40 million will be financed by IDB Invest and the remainder through third parties; and (ii) an uncommitted revolving loan of up to US$10 million.
The proceeds of the Financing will be used to finance capital expenditures and working capital needs of the Company, related to an expansion of its installed capacity in Mexico, by incorporating an additional 50 hectares of highly technological greenhouses for the cultivation of mini peppers primarily for export, and climate-smart agriculture practices (the “Project”).
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
Anillo Vial II Fray Junipero Serra, #2350, Piso 3; Fraccionamiento Valle de Juriquilla, Querétaro, C.P. 76100
IDB Invest Contact
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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