DCM ABL Finbe ABC

active

 The proposed investment consists of a 5-year senior loan of up to MXN3,700 million (~US$185 million equivalent) to a special purpose vehicle (the Trust) following an asset-backed lending structure, collateralized by eligible leases originated by Financiera Bepensa, S.A. de C.V., SOFOM, E.R. (FinBe) through its subsidiary  Bepensa Leasing, S.A. de C.V. (Bepensa Leasing) and AB&C Leasing de México, S.A.P.I. de C.V. (AB&C) (together, the Companies). IFC will provide up to MXN600 million (~US$30 million equivalent) on an own account basis to the Trust, and through an anchor investor role will mobilize the remaining MXN3,100 million (~US$155 million equivalent) from other institutional investors (the Project). The collection rights of such leases are expected to be the only repayment source of the Project. It is expected that at least 50% of IFC’s investment will support the Companies’ climate portfolio growth.