| Project Detail |
The proposed transaction consists of a Senior Secured Green Loan of up to MXN 800 million to be granted to Proteak Uno SAB de CV ("Proteak"), consisting of: (i) a Committed Loan of up to MXN 400 million with a term of up to [ten/twelve] years, including a grace period of [60] months; and (ii) an uncommitted loan of up to MXN 400 million with a term of up to [ten/twelve] years, including a grace period of [60] months (collectively, the "Loan"). Proteak has chosen Melina strategically because its physical and mechanical characteristics allow it to be transformed into different products, so its market is broad. In addition, it is a fast-growing species which allows it to have a new cycle every 6 years.
The Loan will finance the reproduction of clones, the use of deforested lands for reforestation and the sustainable management of Melina plantations. To be classified as a green loan, the use of project funds is, and must continue to be, aligned with the listed Green Lending Principles [1] . The Project will be strategically located in the Tabasco region (Mexico), where the soil and climate ensure ideal conditions for this crop. |
