📋 Tender Overview
COMPANY NAME
EUROCAPITAL S.A.
PROJECT NUMBER
14876-01
FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.
E&S CATEGORY tooltip
FI-3
COUNTRY
Chile
SECTOR
Financial Institutions
STATUS
Proposed
DISCLOSED DATE
05/10/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
07/19/2024
APPROVAL DATE
07/19/2024
SIGNED DATE
07/29/2024
SPONSORING ENTITY
N/A
INVESTMENT OPERATIONS DEPARTMENT CONTACT
N/A
INVESTMENT TYPE
Loan
SYNDICATED AMOUNT
USD $ 10,000,000
FINANCING AMOUNT
USD $ 20,000,000
CURRENCY
USD
Project scope and objective
The proposed operation consists of the financing of up to US$30 million that will allow Eurocapital S.A. ( Eurocapital ) expand its factoring and financial leasing operations with Small and Medium-Sized Enterprises ( SMEs ) in Chile. The transaction contemplates a revolving A/B loan, unsecured, for up to US$30 million. The A loan will be for an amount of up to US$20 million, financed by IDB Invest. It is expected to mobilize resources through a B loan for an approximate amount of US$10 million.
The operation will have a term of up to two years, which may be renewed for up to two additional periods of up to two years each, at the discretion of IDB Invest. The loan funds will be used to finance SMEs through factoring and leasing operations in Chile.
