📋 Tender Overview
E&S CATEGORY tooltip
B
COUNTRY
Uruguay
SECTOR
Manufacturing
STATUS
Proposed
DISCLOSED DATE
03/04/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
05/19/2025
APPROVAL DATE
N/A
SIGNED DATE
N/A
SPONSORING ENTITY
N/A
INVESTMENT OPERATIONS DEPARTMENT CONTACT
Corporate Division
INVESTMENT TYPE
Loan
SYNDICATED AMOUNT
N/A
FINANCING AMOUNT
USD $ 12,000,000
CURRENCY
USD
Project scope and objective
The proposed transaction consists of a Committed Senior Secured Loan of up to US$12 million granted to EBITAL SA to develop "Phase 1" of the promoted social interest housing project called "Frimosa", located in Montevideo, Uruguay ("the Project").
"Phase 1" includes the construction of the First Tower, with a total area of ??14,353 m², of which 11,290 m² correspond to a built-up area. The tower will have 181 residential units, 86 garages and 800 m² for commercial developments
