LOS ANGELES--(BUSINESS WIRE)--TriLinc Global Impact Fund (“TriLinc”) announced today that it has recently approved a commitment of $5.0 million in a revolving trade finance facility to an Argentine beef producing and processing company. The transaction details are summarized below.
TriLinc is an impact investing fund that provides growth-stage loans and trade finance to established small and medium sized enterprises (“SMEs”) in developing economies where access to affordable capital is significantly limited. Impact Investing is defined as investing with the specific objective of achieving a competitive financial return as well as creating positive, measurable impact on people and communities across the globe.
On June 3, 2014, TriLinc funded $4.0 million as part of a $5.0 million revolving facility at 11.98% interest to the Argentine company, which produces and processes meat products for domestic consumption and export. Founded in the late 1950’s by a group of Argentine ranchers to establish a regional beef packing plant, the borrower offers ranchers technical assistance in cattle health and nutrition, organic beef production and land management. It adheres to international quality and safety meat processing standards and incorporates energy savings, waste reduction and water conservation practices into its operations. The company anticipates that the financing will allow it to create new jobs and support the country’s economic development through increased exports, largely to European buyers.
“By offering financing opportunities to SMEs in underserved markets, TriLinc is contributing to company expansion and job creation – and in the case of trade finance, to more secure transactions and a stronger global economy as well,” said TriLinc CEO Gloria Nelund. “TriLinc’s disciplined approach to tracking, analyzing and reporting the economic, social and environmental impact of its borrower companies promotes our vision that financial success and societal benefits must be linked and mutually reinforcing.”
About TriLinc Global Impact Fund
TriLinc is a non-traded, externally managed, limited liability company that makes impact investments in small- and medium-sized enterprises (“SMEs”) in developing economies that provide the opportunity to achieve both competitive financial returns and positive measurable impact. TriLinc invests in SMEs through experienced local market sub-advisors, and expects to create a diversified portfolio of financial assets consisting primarily of collateralized private debt instruments. TriLinc’s investment objectives are to generate current income, capital preservation and modest capital appreciation. In addition, the Company aggregates and analyzes social, economic and environmental impact data to track progress and measure success against stated objectives.
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