CMI Alimentos

repaid

The proposed transaction consists of a syndicated loan led by IDB Invest of up to US$350 million, with a 5-year term including a grace period of up to 1.5 years, of which US$100 million will be financed by the Inter-American Development Bank Group (IDB Group), US$50 million by third-party funds administered by the IDB and the rest with other mobilization of funds (the "Loan"). The Loan will be used: (i) to finance fixed investments of 16 companies of CMI Alimentos located in Guatemala, El Salvador, Honduras, Costa Rica and Dominican Republic, for a total amount of up to US$210 million, to continue expanding their operations, improving their productivity levels, renew fixed assets and carry out environmental projects, and (ii) to finance the purchase of 50% of the shares of Procesadora Nacional de Alimentos CA (Pronaca) in Ecuador, for an amount of up to US$140 million, to support the inorganic expansion of CMI Alimentos (the "Project").CMI Alimentos is the main business division of Corporación Multi Inversiones ("CMI"), one of the most important economic groups in Central America with operations in 9 countries. The economic activities of CMI Alimentos include the production of chicken, pork and derived products(Industria Pecuaria), the production of wheat flour, corn, pasta and cookies (Molinos Modernos), and the operation of fast food restaurants (Restaurantes de Centroamerica).Updated Project scope and objectiveThe proposed transaction consists of a senior loan by IDB Invest of up to US$50 million, with a 5-year term including a grace period of up to 1 year, (the "Loan"). The Loan will be used to finance fixed investments in restaurants in Guatemala, and in cattle industry in El Salvador and Honduras, , to continue expanding their operations, improving their productivity levels, and carry out environmental projects (the "Project").CMI Alimentos is the main business division of Corporación Multi Inversiones ("CMI"), one of the most important economic groups in Central America with operations in 9 countries. The economic activities of CMI Alimentos include the production of chicken, and derived products (Industria Pecuaria), the production of wheat flour, corn, pasta and cookies (Molinos Modernos), and the operation of fast-food restaurants (Restaurantes de Centroamerica).