Basic information
Company name
Comercial City Fresko, S. de R.L. de C.V.
E&S category
B
Disclosed date
Projected board date
Sponsoring entity
La Comer, S.A.B. de C.V. (“La Comer”)
Team Leader
De la Fuente, Miguel
Financial Summary
Financing amount
$ 39,207,500
Financing Currency
MXN
Client
information
Leonardo Aquiles Figueroa H.
Deputy Director of Trasury
(+52) 55 -5270-9323
PROJECT
SCOPE
AND
OBJECTIVE
La Comer S.A.B. de C.V. ("La Comer" or the "Company"), through its subsidiary Comercial City Fresko, S. de R.L. de C.V. ("CCF"), has requested IDB Invest's financial assistance to provide an uncommitted revolving credit facility (the "Facility") to finance La Comer's suppliers through the acquisition of collection rights (the "Project" or the "Operation"). The Operation involves deferred payment for accounts receivable, due to the exceptional measures adopted by the Company to mitigate the impact of COVID-19 on its suppliers.
