ANNOUNCED AS TEMPORARYNo
Bailout (capital injection or equity participation)
On 21 July 2015, the Panama-based Latin American Bank of Foreign Trade (Bladex) announced that alongside the Peruvian Bank Santander, provided a loan in favor of a Peru- based sugar production firm.
The Panama-based Latin American Bank of Foreign Trade (Bladex) announced that alongside the Peruvian Bank Santander, provided a USD 40 million, 5-year, Secured Term Loan Facility in favor of Agroindustrial Paramonga S.A.A. (AIPSAA) based in Peru.
AIPSAAis a leading agribusiness player in Peru, whose main activity is the production of sugar. Bladex is also acting as the Administrative and Collateral Agent in the transaction defining the financing loan provided to AIPSAA.
The loan provided to AIPSAA is aimed to helping the firm undertake relevant investment projects ( i.e. projects which are key in terms of determing a company's overall market share). Furthermore, the loan is also designated to improve the liquidity profile of the firm -- therefore, subsequently improving the credit capacity of the firm .
Banco Latinoamericano de Exportaciones, S.A. (Bladex)is a Multinational Bank originally established by the Central Banks of the countries of Latin America and the Caribbean, with the purpose offinancing exporting activitiesand promoting economic integration in the Latin Ameican Region.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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