TMCnet - World's Largest Communications and Technology Community



TriLinc Global Impact Fund Makes Impact Investment in Argentina
[July 01, 2014]

TriLinc Global Impact Fund Makes Impact Investment in Argentina

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 allowit 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.

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.

[ Back To's Homepage ]

Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy