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TriLinc Global Impact Fund Makes Impact Investments in Latin America and Southeast Asia
[November 20, 2017]

TriLinc Global Impact Fund Makes Impact Investments in Latin America and Southeast Asia


TriLinc Global Impact Fund ("TriLinc" or the "Company") announced today that it recently approved $17.1 million in term loan and trade finance transactions with companies operating in Latin America and Southeast Asia. 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 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 in communities across the globe.

TriLinc recently approved $17.1 million in term loan and trade finance transactions that meet the Company's requirements for underwriting, economic development, and societal advancement, as described below:

On October 2, 2017, TriLinc funded $3,140,000 as part of an existing $10,800,000 senior secured term loan to a sustainable timber exporter located in New Zealand that sources logs in-country to supply the Indian timber sector. Priced at 11.50%, the transaction is set to mature on April 2, 2021 and is secured by stumpage rights acquired by the borrower, logs harvested by the borrower, security interest over the assets relevant to the stumpage rights, among others, with a cash flow coverage ratio of 3.00x. The borrower operates a vertically integrated business model with different entities focusing on supporting plantation development, harvesting, and transportation. TriLinc's loan will finance the acquisition of stumpage rights to harvest timber from sustainably managed timber plantations that operate in accordance with the New Zealand Resource Management Act and Environmental Code of Practice for Plantation Forestry. The majority of harvest contractors and workers are sourced from the Maori tribes and local communities, and it is expected that ongoing harvesting and management of these assets will generate substantial employment and commercial opportunities for the Maori. Most of the harvest will be shipped to India, where the timber sector is growing rapidly due to an increase in construction activity and rising consumer demand.

On October 3, 2017, TriLinc funded $1,600,494 as part of an existing $11,000,000 revolving senior secured trade finance facility with a mobile phone distributor based in Hong Kong, which specializes in the trading and distribution of mobile phones, cameras, music players and home appliances. Priced at 10.00%, the transaction is set to mature on January 2, 2018 and is secured by receivables, personal and corporate guarantees, a collection account, and properties in Hong Kong, with a collateral coverage ratio of =1.13x. The borrower was appointed to e the exclusive distributor in India for a large multinational networking and telecommunications equipment company. India has the fastest-growing smartphone market in the world, and TriLinc's financing will support the distribution of mobile phones throughout the country that are both high quality and affordable. In addition to expanding access to technology within India, the borrower maintains an active corporate social responsibility program in India that is focused on bringing technological education to the youth in West Bengal.



On October 13, 2017, TriLinc funded $1,036,735 as part of an existing $15,000,000 senior secured 4.2-year term loan to a Colombian consumer lender that services public sector employees and retirees within small and medium size government agencies throughout the country. Priced at 11.50%, the transaction is set to mature on August 1, 2021, and is secured by the portfolio of payroll deduction loans and all cash flow stemming from these assigned deduction loans, with a cash flow coverage ratio of 2.9x. The borrower anticipates that TriLinc's loan will assist the company in originating new payroll deduction loans, which would provide middle income consumers with timely and flexible financing for voluntary private consumption.

On October 26, 2017, TriLinc funded $11,315,000 as part of a new $20,315,000 45-month senior secured term loan to a municipal solid waste-to-jet fuel processor in Mexico. TriLinc Global Sustainable Income Fund, LLC, a private fund sponsored by TriLinc's sponsor, funded an additional total commitment amount of $5,260,000. TriLinc's financing will support the development of a services agreement to implement patented waste-to-energy technology in Mexico and Brazil, where the construction of a waste processing facility and biorefinery will take place. For each new recycling and processing plant constructed, approximately 145,000 tons of municipal solid waste feedstock will be converted into 10.5 million gallons of ethanol each year, which will later be converted into renewable jet fuel, in addition to producing sufficient renewable electricity for the facility operations. The borrower believes that the transfer of this technology into the Mexican marketplace will offer cost savings for waste service providers throughout the growing metropolitan areas, decrease methane emissions from a reduction in landfill cover, reduce carbon emissions through promoting the use of cleaner jet fuel, and create significant employment opportunity for both the construction and operation phases of the facility. Priced at 14.50%, the transaction is set to mature on July 27, 2021 and is secured by preferred shares in the U.S. Patent owner of the waste-to-fuel technology, and exclusive technical and services agreements with future projects in Mexico and Brazil.


"TriLinc's recent investment activity demonstrates our commitment to supporting SMEs that are using innovative strategies to supply essential products into the marketplace," said Gloria Nelund, CEO of TriLinc. "By financing companies like the waste-to-energy processor that utilizes free landfill waste to generate a more sustainable version of jetfuel, TriLinc aims to enhance the sustainable use of resources to generate positive economic, social, and environmental benefits."

About TriLinc Global Impact Fund

TriLinc is a non-traded, externally managed, limited liability company that makes impact investments in 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. In addition, the Company aggregates and analyzes social, economic, and environmental impact data to track progress and measure success against stated objectives.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will" and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. The Company undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in the Company's expectations.


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