GTSF-Puma

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This project is proposed under the Global Trade Supplier Finance program (“GTSF” or the “Program”) approved by the IFC Board on September 21, 2010 (Original Project #28723)Under GTSF, IFC provides short-term financing to suppliers (“Suppliers”) in emerging markets selling to large companies (“Buyers”) on open account terms. Under this project, IFC will provide financing to Puma SE (“PUMA” the “Company”) Suppliers based in different emerging market countries. The proposed project (‘the Project”) within the GTSF facility is expected to be US$15 million. Puma SE (officially branded as PUMA) is a major German multinational company that designs, develops, sells and markets performance and sport inspired lifestyle footwear and apparel under brands such as PUMA, Cobra Golf, Tretorn, Dobotex and Brandon globally. PUMA is listed on the German Stock Exchange, works with approximately 400 external manufacturing partners located primarily in Asia, and distributes its products in more than 120 countries, with a strong presence in the US.