PROJECT

Projects

Summary of Investment Information

Project Number

44203

Company Name

JALLES MACHADO SA

Date SPI Disclosed

Oct 21, 2020

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Aug 13, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Oct 21, 2020

Department

Regional Industry - MAS LAC

Industry

Agribusiness and Forestry

Previous Events

Approved : Aug 13, 2020
Signed : Sep 4, 2020
Invested : Sep 30, 2020

Sector

Sugarcane and Beets

Project Description

The proposed investment consists of a senior loan to Jalles Machado S.A. (“Jalles”, “Jalles Machado” or the “Company”), composed of (i) an A Loan of up to US$20 million or the BRL equivalent, and (ii) a B Loan of up to US$7.5 million. The Company is playing an important role in the COVID-19 response in the state of Goias, ensuring a continuous supply of sanitizing products in this frontier region.                    

Associated Advisory Engagement

                             

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation