Edita finalizes USD 20 mn loan agreement from IFC

Edita finalized yesterday a USD 20 mn loan agreement from the International Finance Corporation (IFC), according to an emailed statement (pdf). Under the agreement, the snackmaker will receive a seven-year, medium-term facility, “with the contract including an option for a second tranche of an additional USD 10 mn.” Edita and the IFC had reached an agreement for the loan, which will be used to support expansion and growth in Egypt and the wider region, last month.