TriLinc Global Impact Fund ("TriLinc") announced today that it has
recently approved a total commitment of $3.0 million in a revolving
trade finance facility to a Peruvian insulated wire manufacturer. The
transaction details are summarized below.
TriLinc is an impact investing fund that provides growth-stage loans and
trade finance to established small and medium 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
On May 2, 2014, TriLinc funded $1.5 million as part of a $3.0 million
revolving facility at 8.00% interest to an SME Peruvian insulated wire
manufacturer. Founded in 1968, the borrower manufactures and distributes
insulated electrical wires and cable conductors to domestic and
international buyers. The company supports Peru's burgeoning middle
class with needed services like transportation, communications and
housing by introducing Peru to the latest technological innovations for
developing and maintaining a country's infrastructure. Additionally,
with a commitment to product quality, the borrower was the first company
in Peru andfirst cable manufacturing company in Latin America to have
an ISO 9001-certified quality management system.
"TriLinc's process requires the companies it invests in to have the
potential to foster economic development, as well as the intention to
create impact with clearly identified impact objectives that can be
measured and reported," noted TriLinc CEO Gloria Nelund. "By investing
only in companies that intentionally focus on improving society while
still generating competitive returns, TriLinc seeks to demonstrate that
investors can do well by doing good."
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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