TriLinc Global Impact Fund Makes Impact Investments in Africa
September 25 2021 - 10:45AM
Business Wire
TriLinc Global Impact Fund announced today that it recently
acquired $330,263 of participations in a term loan facility,
bringing total financing commitments as of August 31, 2021 to
$402.7 million for business expansions and socioeconomic
developments through its holdings in Sub-Saharan Africa, Latin
America, Southeast Asia, and Emerging Europe.
TriLinc Global Impact Fund, LLC (“TriLinc Global Impact Fund” or
“TGIF”) announced today that it recently acquired $330,263 of
participations in a term loan facility, in Africa. The transaction
details are summarized below.
TGIF is an impact investing company that provides growth-stage
loans and trade finance to established small and medium enterprises
(“SMEs”) primarily 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 in communities across the globe.
TGIF recently approved one transaction totaling $330,263 that
meets TGIF’s requirements for underwriting, economic development,
and societal advancement, as described below:
On August 5, 2021, TGIF funded $330,263 as part of an existing
four-year term loan facility to a grain processor formed in the
United States and operating in Uganda. Priced at 11.5%, this
transaction is set to mature on June 30, 2025. The facility will
support the borrower’s ability to provide financial liquidity to
its core farming and grain trading operations.
“By extending financing to the grain processor, TGIF is
demonstrating its continued commitment to businesses that have
positive environmental and social impact in Sub-Saharan Africa,”
said Gloria Nelund, CEO of TGIF. “More specifically, we are
confident that this financing will further enhance the
competitiveness of the grain processor and support the company’s
steady growth trajectory during periods of limited capital
availability.”
About TriLinc Global Impact Fund
TGIF is a public non-listed, externally managed, limited
liability company that makes impact investments in SMEs, primarily
in developing economies, that provide the opportunity to achieve
both competitive financial returns and positive measurable impact.
TGIF invests in SMEs through experienced local market sub-advisors
to create a diversified portfolio of financial assets consisting
primarily of collateralized private debt instruments. In addition,
TGIF aggregates and analyzes social, economic, and environmental
impact data to track borrowers’ progress and measure success
against stated objectives.
Forward-Looking Statements
This press release contains forward-looking statements
(including, without limitation, statements concerning the use of
financing provided to borrowers and the expected repayment of
financing extended to the borrowers) that are based on TGIF’s
current expectations, plans, estimates, assumptions, and beliefs
that involve numerous risks and uncertainties, including, without
limitation, the future operating performance of the borrowers and
those risks set forth in the “Risk Factors” section of TGIF’s
Annual Report on Form 10-K for the year ended December 31, 2020,
filed with the Securities and Exchange Commission (“SEC”) on March
31, 2021, as amended or supplemented by TGIF’s other filings with
the SEC. Although these forward-looking statements reflect
management’s beliefs as to future events, actual events or TGIF’s
investments and results of operations could differ materially from
those expressed or implied in these forward-looking statements. To
the extent that TGIF’s assumptions differ from actual results,
TGIF’s ability to meet such forward-looking statements may be
significantly hindered. You are cautioned not to place undue
reliance on any forward-looking statements. TGIF cannot assure you
that it will attain its investment objectives. Any forward-looking
statements presented herein are made only as of the date of this
press release, and TGIF does not undertake any obligation to update
or revise any forward-looking statements to reflect changes in
assumptions, the occurrence of unanticipated events, or
otherwise.
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