Simpar seals loans from IDB Invest

Simpar seals loans from IDB Invest

Debt Loans International Financial Institutions IDB Invest Inter-American Development Bank (IDB) ESG Green Finance Brazil United States

Brazilian holding company Simpar has secured $250 million in financing from IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), it said in a securities filing. IDB Invest agreed to provide two credit lines with $120 million in a 10-year A loan and $130 million in a five- to seven-year B loan, Simpar said in the filing on Monday. Simpar also said it will evenly distribute the A loan among its subsidiaries JSL, Movida, Vamos and CS Brasil and allocate all of the

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