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Food & Agriculture

Candy Mortgaged Backed Loan

KEY INFORMATION
Business Term Loan
USD 15 million
COF + 1.25%
12 months

About the Company

Founded in 1947, this is an established family business run by 2 brothers, who are third generation business owners in the sugar business. Its core business is in the manufacturing of sugar, including refined sugar, rock sugar, red sugar and black jaggery sugar, with a 60% market share of the rock sugar market here. Its factory was rebuilt in 2019, and also houses a Innovate360 incubator in partnership with ESG,  where it provides shared facilities such as an integrated food production space and co-working spaces, for start ups in the food industry, and receives rental cash flow from good tenants regularly.

Deal Teaser will be sent upon request.

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