TriLinc Global Impact Fund Invests in Packaging Manufacturer in Ecuador
TriLinc Global Impact Fund, a publicly registered non-traded limited liability company, has approved a nearly $3.3 million term loan transaction in Latin America.
TriLinc Global Impact Fund, a publicly registered non-traded limited liability company, has approved a nearly $3.3 million term loan transaction in Latin America.
The $3.3 million loan is part of an existing five-and-a-half-year term loan facility to a sustainable packaging manufacturer in Ecuador. Priced at Libor +7.35 percent, the transaction is set to mature on June 18, 2025. Trilinc said that the borrower sources its inputs from sustainable suppliers and is focused on waste reduction for all packaging materials, and also utilizing recycled materials in its business operations wherever possible.
TriLinc Global Impact Fund is an impact investing fund that provides growth-stage loans and trade finance to established small and medium enterprises primarily in developing economies where access to affordable capital is limited.
The company defines impact investing as “investing with the specific objective of achieving a competitive financial return as well as creating positive, measurable impact in communities across the globe.”
“By extending additional financing to the sustainable packaging manufacturer in Ecuador, [the fund] is demonstrating its commitment to businesses that have positive environmental and social impacts in Latin America,” said Gloria Nelund, CEO of TriLinc Global Impact Fund. “Furthermore, we are confident that this additional financing will support and strengthen this business’ growth trajectory and sustainable business model during the uncertainty of COVID-19.”
TriLinc Global Impact Fund seeks to create a portfolio of financial assets consisting primarily of collateralized private debt instruments. In addition, the fund claims to aggregate and analyze social, economic, and environmental impact data to track progress and measure success against stated objectives.
As of April 30, 2020, the company has made investments totaling $428.3 million through its holdings in Sub-Saharan Africa, Latin America, Southeast Asia, and “emerging” Europe.
