{"id":598746,"date":"2019-06-03T04:00:10","date_gmt":"2019-06-03T04:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/edita-signs-usd-30-mn-loan-facility-agreement-with-the-ifc\/"},"modified":"2019-06-03T04:00:10","modified_gmt":"2019-06-03T04:00:10","slug":"edita-signs-usd-30-mn-loan-facility-agreement-with-the-ifc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/edita-signs-usd-30-mn-loan-facility-agreement-with-the-ifc\/","title":{"rendered":"Edita signs USD 30 mn loan facility agreement with the IFC"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Edita lands loan worth up to USD 30 mn from IFC:<\/b> 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)<\/a>. The company will initially receive USD 20 mn as a first tranche, but has the option to call a further USD 10 mn. The funds will be used to support \u201cexpansion and growth opportunities\u201d in Egypt and the wider region. \u201cWe are proud to be joining hands with the IFC,\u201d Hani Berzi, chairman and MD of Edita, said. \u201cIts financing is not just cost-effective, but an endorsement of our robust corporate and industry fundamentals, coming as it does at the end of a nearly year-long due diligence process. We are actively exploring expansion opportunities both in Egypt and in our exciting expansion markets.\u201d<\/p>\n

The news comes as Edita pushes ahead with its drive into Morocco<\/b>, where it has already launched its Freska wafers brand and is due to break ground later this year on its first Moroccan manufacturing facility.<\/p>\n","protected":false},"excerpt":{"rendered":"

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). The company will initially receive USD 20 mn as a first tranche, but […]<\/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":[8572],"tags":[191,72,900,759,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598746","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-edita","tag-enterpriseam","tag-food-and-beverage","tag-international-finance-corporation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"51cd557d-1121-462a-bc59-8c09ec981efe","is_powered_by":true,"section_story_id":"79db71c9-c32a-44f8-90b7-5273a5bdff6b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[598734],"teaser":"","voice_url":""},"yoast_head":"\nEdita signs USD 30 mn loan facility agreement with the IFC - 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\/2019\/06\/03\/edita-signs-usd-30-mn-loan-facility-agreement-with-the-ifc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edita signs USD 30 mn loan facility agreement with the IFC\" \/>\n<meta property=\"og:description\" content=\"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). The company will initially receive USD 20 mn as a first tranche, but […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/edita-signs-usd-30-mn-loan-facility-agreement-with-the-ifc\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-03T04:00:10+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/edita-signs-usd-30-mn-loan-facility-agreement-with-the-ifc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/edita-signs-usd-30-mn-loan-facility-agreement-with-the-ifc\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Edita signs USD 30 mn loan facility agreement with the IFC\",\"datePublished\":\"2019-06-03T04:00:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/edita-signs-usd-30-mn-loan-facility-agreement-with-the-ifc\/\"},\"wordCount\":187,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Edita\",\"EnterpriseAM\",\"food and beverage\",\"International Finance Corporation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/edita-signs-usd-30-mn-loan-facility-agreement-with-the-ifc\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/edita-signs-usd-30-mn-loan-facility-agreement-with-the-ifc\/\",\"name\":\"Edita signs USD 30 mn loan facility agreement with the IFC - 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Under the agreement, the snackmaker will receive a seven-year, medium-term facility, \u201cwith the contract including an option for a second tranche of an additional USD 10 mn.\u201d Edita and\u2026","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":592223,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/02\/edita-al-baraka-bank-in-line-for-loans-from-ifc\/","url_meta":{"origin":598746,"position":1},"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":602390,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/26\/edita-in-talks-with-ifc-over-usd-35-mn-loan\/","url_meta":{"origin":598746,"position":2},"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":607342,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/02\/snackmaker-edita-lands-usd-45-mn-loan-from-the-ifc-to-fuel-growth\/","url_meta":{"origin":598746,"position":3},"title":"Snackmaker Edita lands USD 45 mn loan from the IFC to fuel growth","author":"enterpriseam admin","date":"2 October 2023","format":false,"excerpt":"The loan will support the company\u2019s working capital, fund fresh capex, and help it settle a previous loan from the IFC","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/37.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597057,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/edita-to-launch-new-products-construction-on-morocco-facility-to-begin-next-month\/","url_meta":{"origin":598746,"position":4},"title":"Edita to launch new products, construction on Morocco facility to begin next month","author":"enterpriseam admin","date":"15 July 2019","format":false,"excerpt":"Edita Food Industries aims to launch a number of new products as part of expansion plans, Chairman Hani Berzi said, without providing further details or specifying a timeframe. 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":607305,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/01\/this-evening-edita-is-getting-usd-45-mn-from-the-ifc\/","url_meta":{"origin":598746,"position":5},"title":"THIS EVENING: Edita is getting USD 45 mn from the IFC","author":"enterpriseam admin","date":"1 October 2023","format":false,"excerpt":"Good afternoon, friends. Welcome to a new week, as well as a new month that may be bringing cooler weather, although the back-to-school traffic is also in full swing. 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