HZ Group: Expansion of sustainable packaging capacity in Argentina

proposed

The proposed transaction consists of a senior secured A/B loan of up to US$60 million to Interpack S.A., a leading packaging Company in Argentina and the main operating entity of Grupo HZ, a regional industrial group. The financing includes a committed tranche of US$40 million, comprised of a US$20 million IDB Invest A loan and a US$20 million B loan, as well as an additional uncommitted tranche of up to US$20 million for potential future investments. The funds will be used to finance capital investments for the development of a corrugated cardboard plant, including civil works and the acquisition of industrial machinery. This will allow for increased production of value-added products, import substitution, and the promotion of local procurement, as well as the creation of formal employment opportunities. In addition, IDB Invest will support Grupo HZ through action plans aligned with international environmental, social, and corporate governance standards, together with technical assistance focused on energy resilience, operational reliability, and expanding workforce opportunities.