TriLinc Global Impact Fund today announced that it has recently acquired $ 330,263 of interests in a term loan facility, bringing the total funding commitments as at August 31, 2021 to $ 402.7 million for business expansion and socio-economic developments through its holdings in sub-Saharan Africa, Latin America, South-East Asia and emerging Europe.
LOS ANGELES, September 25, 2021– (COMMERCIAL THREAD) – TriLinc Global Impact Fund, LLC (“TriLinc Global Impact Fund” or “TGIF”) today announced that it has recently acquired $ 330,263 of interests in a term loan facility in Africa. Details of the transaction are summarized below.
TGIF is an impact investment 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 considerably. limit. Impact investing is defined as an investment with the specific objective of obtaining a competitive financial return as well as creating a positive and measurable impact in communities around the world.
TGIF recently approved a 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 under an existing four-year term loan facility to a US-trained grain processor operating in Uganda. Valued at 11.5%, this transaction is due to mature on June 30, 2025. The facility will support the borrower’s ability to provide financial liquidity to its main agricultural and grain trading activities.
“By providing funding to the grain processor, TGIF demonstrates its continued commitment to businesses that have a positive environmental and social impact in sub-Saharan Africa,” said Gloria Nelund, CEO of TGIF. “Specifically, we are confident that this financing will further improve the competitiveness of the grain processor and support the company’s steady growth trajectory during times of limited capital availability.
About the TriLinc Global Impact Fund
TGIF is an unlisted, externally managed public limited liability company that makes impact investments in SMEs, primarily in developing economies, which offer the opportunity to achieve both competitive financial returns and impact. measurable positive. TGIF invests in SMEs through sub-advisers experienced in the local market in order to create a diversified portfolio of financial assets composed mainly of guaranteed private debt instruments. In addition, TGIF aggregates and analyzes social, economic and environmental impact data to track borrower progress and measure success against set goals.
This press release contains forward-looking statements (including, without limitation, statements regarding the use of funding provided to borrowers and expected repayment of funding provided to borrowers) that are based on expectations, plans, estimates, TGIF’s current assumptions and beliefs. which involve many risks and uncertainties, including, without limitation, the future operational performance of borrowers and the risks set out in the “Risk Factors” section of TGIF’s annual report on Form 10-K for the fiscal year ended December 31, 2020, filed with the Securities and Exchange Commission (“SEC”) on March 31, 2021, as amended or supplemented by other documents filed by TGIF with the SEC. While these forward-looking statements reflect management’s beliefs about 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 respond to such forward-looking statements may be significantly impaired. You are cautioned not to place undue reliance on forward-looking statements. TGIF cannot guarantee that it will achieve its investment objectives. All forward-looking statements presented here are made only as of the date of this press release, and TGIF assumes no obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of events unforeseen or other.
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