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
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
05/10/2023
Approval date
05/10/2023
Signed date
05/12/2023
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 515,000,000
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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Contact information
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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 OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org 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 mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For 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.
MOLINOS AGRO - ENVIRONMENTAL ANDL SOCIAL REVIEW SUMMARY (ESRS)
337.9 Kb
MOLINOS AGRO - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
143.4 Kb