Copeval Import Finance

repaid

The proposed financing toGrupo Copevalconsists of a 39-month revolving credit line, with a committed tranche and an uncommitted tranche for up to US$30 million, under which IDB Invest will extend financing for a term of up to 390 days with amortization at maturity, destined for the importation of machinery, inputs and raw materials, which were sold and financed to their agricultural producers.Copeval is the main distributor of agricultural inputs in Chile, with more than 65 years of experience in the market. It has a permanent stock of more than 28,700 products divided into the main lines of agrochemicals, fertilizers, food and grains, veterinary medicine, fuels and lubricants, machinery, seeds, technical irrigation, agricultural hardware, machinery rental and services. To carry out its operations, Copeval has a wide distribution network and a service model for all types of farmers, both multi-item and multi-size. The logistical efficiency of Copeval's distribution network allows it to deliver a comprehensive offer of agricultural inputs with a wide geographical coverage, serving more than 40,000 customers annually.