PROJECT

Projects

Summary of Investment Information

Project Number

36815

Company Name

ECOM Agroindustrial Corp. Limited

Date SPI Disclosed

Jan 29, 2016

Country

World Region

Region

Global

Projected Board Date

Apr 30, 2016

Environmental Category

A - Significant

Status

Active

Last Updated Date

Feb 26, 2017

Department

Regional Industry - MAS LAC

Industry

Agribusiness and Forestry

Previous Events

Approved : Mar 29, 2016
Signed : May 31, 2016
Invested : Dec 23, 2016

Sector

Diversified Edible Agricultural Crops Production

Project Description

The proposed IFC investment is for up to US$50 million subordinated convertible C loan to ECOM Agroindustrial Corp. Ltd. (ECOM), an existing IFC client, for capital expenditures and general working capital purposes. The investment would enable ECOM to strengthen its balance sheet with permanent working capital and continue to invest into improving its sustainable global supply chain.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation