| Project Detail |
The Project consists of two loans to finance the expansion program of the HiTec Group in Mexico. The first loan (Hitec II) will be granted to Haas Machine Tools, SA de CV (“ HiTec” or the “Company”) to, in part, refinance the unpaid balance of the existing loan granted by IDB Invest to the Co-Borrowers and the remaining to finance the growth of the loan portfolio of HiFin Solutions, SA de CV for the acquisition or lease of high-precision computerized numerical control equipment and machinery by HiTEC clients in Mexico (mainly micro, small and medium-sized companies - “ MiPyMES”). The second loan (“Hitec NI”) will be granted to Inmobiliaria Quasar, SA de CV, an affiliate of Grupo HiTec to finance the construction of an industrial warehouse in the state of Querétaro for the operations of Grupo HiTec. |
