Molino Cañuelas II

inactive

Molino Cañuelas is an Argentinian company specializing in milling wheat into flour and producing food products (mainly pasta, crackers, and cookies). The company also grinds oilseeds (sunflower seeds and soybeans) to produce oils, including the refining, fractioning, and bottling stages. Molino Cañuelas is one of the principal flour producers in Argentina and is the largest exporter.The purpose of this second IIC loan to the company is to finance permanent operating fund requirements and replace short- and medium-term liabilities with long-term liabilities, in accordance with the company’s needs. The IIC will syndicate part of the loan to attract other banks to finance Molino Cañuelas on the same terms. Financing from the IIC will strengthen the company and support its development.