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TMCNet:  TriLinc Global Impact Fund Makes Impact Investments in Peru and Brazil

[December 09, 2013]

TriLinc Global Impact Fund Makes Impact Investments in Peru and Brazil

LOS ANGELES --(Business Wire)--

TriLinc Global Impact Fund ("TriLinc" or the "Company"), announced today that it has approved $3.0 million in loan commitments to two Latin American companies, the details of which are listed below.

TriLinc is an impact investing fund that provides growth stage loans and trade finance to 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 both a competitive financial return as well as creating positive, measurable impact on people and communities across the globe.

TriLinc approved the following transactions, which meet the Company's requirements for underwriting, business development and socioeconomic advancement:

  • $2.5 million senior secured term loan at 12.43% interest to a Brazilian sugar producer, for crop cultivation and improvements to its milling operations. Established in 1958, the borrower operates a successful export business with a clear commitment to community improvement. It is a stable provider of employment in the state of Pernambuco, which has a poverty rate double the national average. Beyond employment and training, the company provides over 250 houses to employees rent-free, free medical services to employees and their families, and a building for a local school.
  • $500,000 senior securedterm loan at 13.1% to a Peruvian diaper manufacturer, to increase production and expand its product line. TriLinc financing will allow the manufacturer to grow its workforce, which earns 45% above Peru's national average wage. In addition to improving its customers' home hygiene, the borrower actively engages in minimizing the environmental impact of its products through waste reduction programs and efficient operations initiatives.

"We are excited to add these investments to TriLinc's portfolio," said Gloria Nelund, CEO of TriLinc Global Impact Fund. "By harnessing the power of local, growing businesses in developing countries, TriLinc seeks to create jobs, foster a stable middle class and generate positive, measurable impact in the community."

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 as well as 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.

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