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Company name

Molinos Agro S.A.

Project number

14538-01

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
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B

Country

Argentina

Sector

Agribusiness

Status

In implementation

Disclosed date

04/04/2023

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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05/10/2023

Approval date

05/10/2023

Signed date

05/12/2023

Sponsoring entity

N/A

Investment Operations Department Contact

Portfolio Management Division

Investment type

Syndicated amount

USD $ 524,000,000

Financing amount

USD $ 50,000,000

Currency

USD

Project scope and objective

The proposed financing to Molinos Agro S.A. consists of: (i) a senior loan for up to US$50 million (“A Loan”), and (ii) a senior loan for up to US$200 million (“B Loan”); with a revolving capital structure every 210 days, designed to ensure its short and medium-term liquidity, financing its working capital program. The purpose of the transaction will be to pre-finance exports of products and commodities sold by the Company. The development objectives of the financing include: (i) increasing value-added production in the agricultural sector and (ii) promoting exports and purchases from the domestic supply chain.

 

Molinos Agro S.A., a company listed on the Buenos Aires Stock Exchange since 2017, which was born in July 2016 as a result of the corporate reorganization that occurred in Molinos Río de la Plata S.A. (founded in 1902). Until then, he represented the Bulk Division within the general structure of Molinos Río de la Plata S.A. It has two main activities: (i) industrialization and marketing of grains and by-products derived from soybeans and (ii) and marketing of cereals.

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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.

MOLINOS AGRO - ENVIRONMENTAL ANDL SOCIAL REVIEW SUMMARY (ESRS)

337.9 Kb

MOLINOS AGRO - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

143.4 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

joaquin.trusso@molinosagro.com.ar

PHONE NUMBER

+ 54 11 4340 1100

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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