PROJECT

Projects

Summary of Investment Information

Project Number

43081

Company Name

MONTE ROSA SA

Date SPI Disclosed

Nov 13, 2020

Country

Nicaragua

Region

Latin America and the Caribbean

Projected Board Date

Dec 16, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jul 17, 2021

Department

Regional Industry MAS LAC & EUR

Industry

Agribusiness and Forestry

Previous Events

Approved : Dec 17, 2020
Signed : Apr 9, 2021
Invested : Jul 13, 2021

Sector

Sugarcane and Beets

Project Description

Grupo Monte Rosa S.A. (“Monte Rosa” or the “Company”), a wholly owned subsidiary of Pantaleon Sugar Holdings Company Ltd. (“PSH”), is a sugar and energy producer located in Nicaragua’s Pacific Northwest, with capacity to process 16,000 tons of sugar cane per day.

The proposed financing consists of a US$15 million revolving credit facility renewable yearly for up to 4 years and a US$10 million long-term A-Loan for Monte Rosa. The proceeds of the short-term revolving credit facility will support the Company’s working capital needs, while the long-term investment will fund the purchase of machinery (tractors, seeding and harvesting equipment) to assist Monte Rosa on enhancing the efficiency of its operations.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation