📋 Tender Overview
Project Number
49779
Company Name
DCM ABL Xepelin Mx Trust
Date SPI Disclosed
Apr 24, 2025
Country
Mexico
Region
Latin America and the Caribbean
Projected Board Date
May 30, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
Regional Industry FIG LAC & EUR
Industry
Financial Institutions
Sector
Finance Companies
Additional Project Attributes
Blended Finance
Project Description
The proposed investment consists of 3-year (2-year grace) senior secured loan of up to US$20 million equivalent in Mexican Pesos (MXN), to a special purpose vehicle (the Trust). The Trust will hold assets pledged and serviced by Operadora Falcon, S.A.P.I. de C.V., SOFOM, E.N.R. (Xepelin Mx or the Company). In addition, IFC will mobilize US$20 million senior secured loan from Institutional Lenders and a US$5 million mezzanine tranche from Ameris Capital (Ameris), resulting in a mobilization ratio of 1.25:1. The Trust will be collateralized by a portfolio of eligible short- term corporate receivables from small and medium enterprises (SMEs) including Women-owned SMEs (WSMEs) in Mexico, as the sole repayment source. The purpose of the proposed IFC Investment is to support the Company's lending program to Small and Medium Enteprises (SMEs) in Mexico with at least 25% earmarked for eligible loans to women-owned or women-led SMEs (the Project).
Associated Advisory Engagement
Through IFC’s advisory services, IFC will help Xepelin strengthen its lending capacity and further enhance its value proposition to SMEs, including WSMEs. The gender inclusion team has worked with Xepelin to construct a baseline of the proportion of WSMEs within their client base. The team will further accompany Xepelin in the automation of classification by gender for new clients, by providing macro tools allowing for the scaling of information collection without burdening the client and underwriting process.
