{"id":572592,"date":"2020-06-30T04:28:07","date_gmt":"2020-06-30T04:28:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/editas-morocco-arm-obtains-usd-8-2-mn-loan-to-fund-new-facility\/"},"modified":"2020-06-30T04:28:07","modified_gmt":"2020-06-30T04:28:07","slug":"editas-morocco-arm-obtains-usd-8-2-mn-loan-to-fund-new-facility","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/editas-morocco-arm-obtains-usd-8-2-mn-loan-to-fund-new-facility\/","title":{"rendered":"Edita\u2019s Morocco arm obtains USD 8.2 mn loan to fund new facility"},"content":{"rendered":"

Edita Food Industries\u2019 Morocco-based subsidiary has acquired a MAD 80 mn (c. USD 8.24 mm) from the Arab Bank\u2019s branch in the North African country, the company said in a regulatory filing (pdf)<\/a>. The loan\u2019s proceeds will be used for construction works and to purchase equipment and machinery for the Egyptian snack food maker\u2019s under-construction Morocco plant. Edita is expecting to inaugurate the facility by the end of 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

Edita Food Industries\u2019 Morocco-based subsidiary has acquired a MAD 80 mn (c. USD 8.24 mm) from the Arab Bank\u2019s branch in the North African country, the company said in a regulatory filing (pdf). The loan\u2019s proceeds will be used for construction works and to purchase equipment and machinery for the Egyptian snack food maker\u2019s under-construction […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[204,2372,7106,191,72,7087,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572592","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-debt","tag-edita","tag-enterpriseam","tag-finance","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"8a9f6684-a48d-4c79-a347-8758705f6b43","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[572568],"teaser":"","voice_url":""},"yoast_head":"\nEdita\u2019s Morocco arm obtains USD 8.2 mn loan to fund new facility - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/editas-morocco-arm-obtains-usd-8-2-mn-loan-to-fund-new-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edita\u2019s Morocco arm obtains USD 8.2 mn loan to fund new facility\" \/>\n<meta property=\"og:description\" content=\"Edita Food Industries\u2019 Morocco-based subsidiary has acquired a MAD 80 mn (c. 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The company also plans to begin the construction of its snack food production facility in Morocco in August, rather than in July\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602390,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/26\/edita-in-talks-with-ifc-over-usd-35-mn-loan\/","url_meta":{"origin":572592,"position":1},"title":"Edita in talks with IFC over USD 35 mn loan","author":"enterpriseam admin","date":"26 March 2019","format":false,"excerpt":"Snack maker Edita Food Industries is currently in talks with the International Finance Corporation (IFC) over a loan of up to USD 35 mn to finance the company\u2019s operations and expansions in Morocco, and refinance part of its debt, Edita said in a bourse filing (pdf).","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596752,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/edita-to-break-ground-on-usd-20-mn-morocco-production-facility-this-month\/","url_meta":{"origin":572592,"position":2},"title":"Edita to break ground on USD 20 mn Morocco production facility this month","author":"enterpriseam admin","date":"7 July 2019","format":false,"excerpt":"Edita Food Industries will begin constructing its USD 20 mn snack food production facility in Morocco before the beginning of August, Al Mal reports. The plant will be built in collaboration with Morocco\u2019s Dislog Group, and is expected to begin production in 1Q2020. The project was first announced back in\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592223,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/02\/edita-al-baraka-bank-in-line-for-loans-from-ifc\/","url_meta":{"origin":572592,"position":3},"title":"Edita + Al Baraka Bank in line for loans from IFC","author":"enterpriseam admin","date":"2 August 2023","format":false,"excerpt":"The international lender could lend USD 85 mn to the two companies, and mobilize an additional USD 15 mn for Edita","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/34.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598746,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/edita-signs-usd-30-mn-loan-facility-agreement-with-the-ifc\/","url_meta":{"origin":572592,"position":4},"title":"Edita signs USD 30 mn loan facility agreement with the IFC","author":"enterpriseam admin","date":"3 June 2019","format":false,"excerpt":"INVESTMENT WATCH- Edita lands loan worth up to USD 30 mn from IFC: Edita has signed an agreement with the International Finance Corporation (IFC) for a seven-year facility that could be worth up to USD 30 mn, according to a statement (pdf). 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