
Basic information
Company name
LAAD Americas NV
Investment type
Loan
E&S category
FI-2
Disclosed date
Projected board date
Approval date
Signed date
Team Leader
Gutierrez Gutierrez, Martha Maria
Financial Summary
Financing amount
$ 30,000,000
Financing Currency
USD
Client
information
Client Contact name: Luis Mendoza
Title: Finance and Treasury Officer
Phone number: +1 (305) 443-9331
Email address: lmendoza@laadsa.com
PROJECT
SCOPE
AND
OBJECTIVE
The proposed Financing consists of a senior unsecured loan of up to US$30 million to LAAD to support the liquidity needs of small and medium enterprises (“SMEs”) in the agribusiness sector in Latin America and the Caribbean (“LAC”) region, that have been impacted by COVID-19. The financing will consist of two tranches, as follows: (i) a committed tranche I of up to US$20 million (“Tranche I”), and (ii) an uncommitted tranche II of up US$10 million (‘’Tranche II’), both tranches to be funded by IDB Invest (the “Loan”). The tenor of the Financing is up to 5 years with 12-month grace period.