BLP has advised IDB Invest on its senior loan for up to US$70 million to Pantaleon S.A., to finance: (i) its industrial and agricultural fixed investment plans, including the implementation of green projects; and (ii) its working capital needs, including advance payments to sugarcane producers. The main development objectives of the loan from IDB Invest include: (i) improving agricultural productivity, improving yields and costs; (ii) support sustainable operations through the implementation of climate- smart investments/practices; (iii) strengthen the Pantaleon’s value chain, supporting small and medium sugarcane producers; and (iv) promote the use of technology and innovation.
This is a high value deal of great importance to the sector.
The transaction was led by Maria Ines Arenales and Pablo Umaña. Associate Gustavo Gamboa was also part of the team.
Closing date: December 2021
For additional information on this deal please contact Monica Malcotti directly.