NAF Poultry

pending

 New Anthoney's Farms Private Limited (NAF or the Company) is a poultry farming business in Sri Lanka and consists of a feed mill, breeder farms, a hatchery, broiler farms, a network of out-growers for broiler farming, a slaughterhouse, a further processing unit, and retail shops under the Anthoney's brand. Established in 1986 as a small farm with 1,000 birds and a manual production facility, NAF has grown over the past 40 years to become one of the largest players in Sri Lanka's poultry industry. It is currently implementing a capital expenditure program for capacity expansion, improvement in operational efficiencies and expansion of its own retail network (the Project). The IFC investment will be for the purpose of partially funding this Project, in the form of a C Loan (in US$) up to US$ 5 million with an option to convert into equity shares of NAF. NAF's wholly owned subsidiary, New Anthoney's Feeds Limited and affiliate, Anthoney's Meatlery (Pvt.) Limited will be co-borrowers to the C Loan. The Project is expected to be supported by the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP), as described in the Blended Finance Section.