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HITEC II

Sector: Warehouse • Location: Mexico

Source: Inter-American Development Bank (IADB)

Project
In Implementation

The Project consists of two loans to financeHiTec Group’sexpansion program in Mexico. The first loan (Hitec II) will be granted to Haas Machine Tools, S.A. de C.V. (“HiTec” or the “Company”) to, in part, refinance the outstanding balance of the existing loan granted by IDB Invest to the Co-Borrowers and the remainder to finance the growth of HiFin Solutions, S.A. de C.V.’s loan portfolio for the a

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The project “HITEC II” is an infrastructure initiative in the Warehouse sector, located in Mexico. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Participants

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Status

Original status

in implementation

Taiyo status

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Description

Description

The Project consists of two loans to financeHiTec Group’sexpansion program in Mexico. The first loan (Hitec II) will be granted to Haas Machine Tools, S.A. de C.V. (“HiTec” or the “Company”) to, in part, refinance the outstanding balance of the existing loan granted by IDB Invest to the Co-Borrowers and the remainder to finance the growth of HiFin Solutions, S.A. de C.V.’s loan portfolio for the acquisition or leasing of high-precision computer numerical control equipment and machinery by HiTEC’s clients in Mexico (primarily micro, small and medium-sized enterprises – “MiPyMES”). The second loan (“Hitec NI”) will be granted to Inmobiliaria Quasar, S.A. de C.V., an affiliate of Grupo HiTec, to finance the construction of an industrial warehouse in the state of Querétaro for the operations of Grupo HiTec.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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