MFP-SME Xepelin-ABL

pending

The proposed investment consists of 3-year (2-year grace) senior secured loan of up to US$20 million equivalent in Mexican Pesos (MXN), to a special purpose vehicle (the Trust). The Trust will hold assets pledged and serviced by Operadora Falcon, S.A.P.I. de C.V., SOFOM, E.N.R. (Xepelin Mx or the Company). In addition, IFC will mobilize US$20 million senior secured loan from Institutional Lenders and a US$5 million mezzanine tranche from Ameris Capital (Ameris), resulting in a mobilization ratio of 1.25:1. The Trust will be collateralized by a portfolio of eligible short- term corporate receivables from small and medium enterprises (SMEs) including Women-owned SMEs (WSMEs) in Mexico, as the sole repayment source. The purpose of the proposed IFC Investment is to support the Company's lending program to Small and Medium Enteprises (SMEs) in Mexico with at least 25% earmarked for eligible loans to women-owned or women-led SMEs (the Project).