|[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
TriLinc approved the following transactions, which meet the Company's
requirements for underwriting, business development and socioeconomic
$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.
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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