Country / Region.............Peru
Infrastructure Sector......Infrastructure Related Services
Borrower..........................GSW, S.A; E.Wong S.A; Hipermercados Metro S.A
Partner.............................CAF, DEG & Banco Financiero(Peru)
Structure..........................Secured Corporate Loan
Total Project Cost...........US$ 119.4 M
CIFI Participation............US$ 6 M
Term.................................8 Years
Investment Summary
CIFI’s US$ 6.0M loan is part of an overall US$ 21.0M financial package that together with an existing loan facility and a local bond issue will allow Grupo de Supermercados Wong (GSW) to implement a capex investment plan that includes the construction of new stores. GSW is the largest (by sales and square footage) supermarket chain in Peru, accounting for approximately 62% of total sales in the supermarket sector in Peru.
Country / Region.............Ecuador
Infrastructure Sector......Infrastructure Related Services
Borrower..........................Favorita Fruit Company
Partner.............................IFC, CAF DEG
Structure..........................Senior Secured Loan
Total Project Cost...........US$ 68 M
CIFI Participation............US$ 8 M
Term.................................8 Years
Investment Summary
CIFI’s US$ 8.0M loan is part of an overall US$ 53.0M financial package to allow Favorita Fruit Company to implement its 2007-2008 capex investment plan and to refinance its short-term debt.
