PROJECT

Projects

Summary of Investment Information

Project Number

44827

Company Name

WOLVERINE WORLD WIDE, INC.

Date SPI Disclosed

Aug 19, 2021

Country

World Region

Region

Global

Projected Board Date

Apr 13, 2021

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 25, 2021

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Manufacturing

Previous Events

Approved : Sep 21, 2010
Signed : Sep 21, 2021
Invested : Dec 8, 2021

Sector

Shoes and Leather Products

Project Description

This project is proposed under IFC’s Global Trade Supplier Finance program (“GTSF” or the “Program”) approved by the IFC Board on September 21, 2010 (Project #28723). Under GTSF, IFC provides short-term financing to emerging market suppliers (“Suppliers”) selling to large domestic buyers or exporting to international buyers, by discounting invoices once they are approved by the Buyer. Under this transaction, IFC will provide financing to Suppliers of Wolverine World Wide, Inc. (“Wolverine” or “the Company”) that are based in Vietnam, Cambodia, India and other emerging market countries.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation