TriLinc Global Impact Fund ("TriLinc") announced today that it has
recently approved a commitment of $5.0 million in a revolving trade
finance facility to an Argentine beef producing and processing company.
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 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 a competitive financial return as well
as creating positive, measurable impact on people and communities across
On June 3, 2014, TriLinc funded $4.0 million as part of a $5.0 million
revolving facility at 11.98% interest to the Argentine company, which
produces and processes meat products for domestic consumption and
export. Founded in the late 1950's by a group of Argentine ranchers to
establish a regional beef packing plant, the borrower offers ranchers
technical assistance in cattle health and nutrition, organic beef
production and land management. It adheres to international quality and
safety meat processing standards and incorporates energy savings, waste
reduction and water conservation practices into its operations. The
company anticipates that the financing will allowit to create new jobs
and support the country's economic development through increased
exports, largely to European buyers.
"By offering financing opportunities to SMEs in underserved markets,
TriLinc is contributing to company expansion and job creation - and in
the case of trade finance, to more secure transactions and a stronger
global economy as well," said TriLinc CEO Gloria Nelund. "TriLinc's
disciplined approach to tracking, analyzing and reporting the economic,
social and environmental impact of its borrower companies promotes our
vision that financial success and societal benefits must be linked and
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 and 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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