ETG RSE Medium Term Loan

completed

The proposed investment consists of (i) an A Loan of up to US$30 million with a tenor of up to 3 years including one-year grace; and (ii) a B Loan of at least US$120 million with a tenor of 3 years including 1-year grace. The IFC loan will be backed by a 25% First Loss Guarantee from the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP-PSW), to rebalance the risk-return profile of the transaction for IFC. ETG is a vertically integrated agricultural supply chain manager involved in the origination, procurement, warehousing, logistics of multiple agricultural commodities and processing of consumer products. It is active in over 26 African countries, as well as in India, China and South East Asia and has additional trading, merchandising and/or treasury desks in Europe, the Americas and the Middle East. The financing will help ETG mitigate the impacts from COVID-19 across its supply chain which have adversely impacted its operations. The proposed investment will provide much needed liquidity to support the uninterrupted production and distribution of food commodities globally during this trying period.This project is linked to ETG Term Facility -  https://disclosures.ifc.org/project-detail/SII/43692/etg-term-facility