Company name
Mercon B.V. Mercon Coffee Corp.
Project number
13054-01
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
Regional
Sector
Agribusiness
Status
In implementation
Disclosed date
03/12/2021
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/14/2021
Approval date
04/14/2021
Signed date
04/30/2021
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 50,000,000
Currency
USD
Project scope and objective
The proposed financing to Mercon B.V. and Mercon Coffee Corp. (the "Borrowers", "Mercon" or the "Company") aims to provide liquidity to Borrowers, throughout the coffee value chain from their operations of origin, coffee production (own and from third parties) and its processing, to destination, logistics and commercialization (mainly exports), to promote the growth of its sales of coffee originating in Brazil, Colombia, Guatemala, Honduras, and Peru.
The proposed financing consists of a revolving, uncommitted, short-term credit line linked to sustainability parameters of up to US$50 million, which will be part of a syndicated credit line of up to US$500 million, subject to optional incremental features. The participation of IDB Invest will support the Company to ensure the relevant financing for its operations, mainly financing its original activities.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesFor inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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.
MERCON - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS) MARCHV7
409.6 Kb
MERCON - ENVIRONMENAL AND SOCIAL ACTION PLAN (ESAP) MARCH 2021V7
276.5 Kb