Westfalia FIL

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IFC’s proposed investment is up to US$100 million to participate in a broader US$300 million syndicated secured revolving credit facility (the Revolving Credit Facility“ or “RCF”)  to Westfalia Fruit International Limited (“WFIL” or the “Company” or “Westfalia”). The Company grows, sources, ripens, packs, processes and markets sustainably grown avocados all year round, and is a leading multinational supplier of fresh subtropical fruits and related processed products to Asia, Europe, the UK and the US. The proposed investment will support the Company’s US$300 million investment program comprising the following components: (i) investments in new facilities and in new markets such as China, India, Italy, Kenya, Spain, Tanzania and the US, with the investments in countries such as Italy, Spain and the US being part of the push-pull strategy to service production in developing countries; (ii) expansion of existing facilities mainly in Europe, South Africa and South America; (iii) expansion and maintenance of orchards and nurseries in key primary production areas (Colombia, India, Mozambique, South Africa, Mexico and Peru); and (iv) working capital.