XIGNUX

in implementation

This summary includes a Project for the Mexican conglomerate Xignux. The Project is an Uncommitted Revolving Line of Credit for Mex$400 million, or its equivalent in US$ (“Xignux Facility”) to purchase accounts payables issued by Xignux or one of its eligible subsidiaries. The Facility will have an initial tenor of 12 months, renewable on a yearly basis at IDB Invest’s discretion for up to 6 additional years.The Facility will provide Xignux´s suppliers with an innovative alternate solution to finance its working capital needs, using E-Factor Network platform to sell to IDB Invest Xignux’s accounts payables. This solution will enable the supplier base (including small and medium size companies, “SME’s”) to obtain more favorable financing conditions than those they can obtain in the local market on their own. SME’s Supply Chain Financing through corporates like Xignux is one of the ways IDB Invest will focus in this segment. This kind of solutions are aligned with IDB Invest’s innovative approach with SME’s.