Company name

Pantaleon S.A.

Project number

12712-02

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

Guatemala

Sector

Agribusiness

Status

Proposed

Disclosed date

10/19/2021

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

Projected board date
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11/19/2021

Approval date

N/A

Signed date

N/A

Sponsoring entity

Pantaleón S.A.

Team leader

Navarrete, Monica

Investment type

Syndicated amount

USD $ 20,000,000

Financing amount

USD $ 50,000,000

Currency

USD

Project scope and objective

The financing proposed to Pantaleón S.A. (“PSA” or the “Company”) consists of a senior loan for up to US$70 million to be granted as follows: (i) up to US$50 million with funds from the IDB Group, and (ii) up to US$20 million through the mobilization of third parties' resources (“i” and “ii” jointly the “Loan”). PSA will use the Loan funds to finance (i) its industrial and agricultural fixed investment plans, including the implementation of green projects; and (ii) its working capital needs, including advance payments to sugarcane producers (the “Project”). The main development objectives of the Loan include: (i) improving agricultural productivity, improving yields and costs; (ii) support sustainable operations through the implementation of climate-smart investments/practices; (iii) strengthen the Company's value chain, supporting small and medium sugarcane producers; and (iv) promote the use of technology and innovation.

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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

PANTALEON - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

409.6 Kb

PANTALEON - 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

CONTACT NAME

Maria Luisa Chang

POSITION

Tesoreria Corporativa

PHONE NUMBER

+50222775100

EMAIL

mlchang@pantaleon.com

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices