Company name
Garona Development, S.A.
Project number
16208-01
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
E&S category
C
Country
Regional
Sector
Digital Economy
Status
Proposed
Disclosed date
09/04/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/15/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 350,000,000
Currency
USD
Project scope and objective
The proposed transaction consists of a regional multi-product financing program of up to US$350 million for Garona Development, S.A. and eligible affiliated entities of the SLC Group, with tenors of up to 60 months. The structure comprises three accounts receivable financing facilities for an aggregate amount of up to US$250 million, as well as a working capital liquidity facility to be provided through an A/B loan of up to US$100 million. The proceeds will be used to finance eligible accounts receivable, inventory purchases, and other eligible expenses related to the commercialization and distribution of Samsung products to telecommunications operators, retailers, wholesalers, and corporate customers. The transaction will support the Group’s activities in Guatemala, El Salvador, Honduras, Costa Rica, Panama, and other eligible markets in the region, with the objective of strengthening its liquidity, optimizing working capital management, maintaining adequate inventory levels, and supporting the growth of its regional operations.
The transaction will contribute to expanding the regional availability of digital devices and solutions, strengthening connectivity, digital inclusion, and the productivity of businesses and consumers across Latin America and the Caribbean.
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Contact information
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Client Contact
PHONE NUMBER
+502 3995 0081
POST OFFICE ADDRESS
Conjunto AVIA, Torre 2, nivel 14, 12 calle 2-25, zona 10, Guatemala, Guatemala.
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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.
SAMSUNG ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
204.8 Kb