Rabobank Leads Groundbreaking Credit Facility for Mercon

Mercon is the first commodity trader to secure sustainability-linked
credit facility in U.S.

NEW YORK–(BUSINESS WIRE)–Rabobank and Mercon announced that the company has closed on a $450
million sustainability-linked senior secured revolving credit facility
led by Rabobank. It is the first such facility for commodity trading in
the U.S. and the only coffee-specific sustainability facility globally.


The pricing on this facility is linked to key sustainability initiatives
measured by performance indicators and is aligned with Mercon’s
long-term strategy of building a better coffee world. It is also
consistent with Rabobank’s global sustainability focus through its
Kickstart Food program.

“This transaction is an embodiment of our mission of Growing a Better
World Together,” said Karel Valken, Rabobank’s Global Head of Trade and
Commodity Finance Agri. “As the world’s leading food and agricultural
financier, we’re always looking for opportunities to address crucial
sustainability issues.”

“As a group, we are extremely proud to be part of this groundbreaking
facility, which allows us to reaffirm our commitment to source and
deliver the right quality of coffee and to do so while adding value to
everyone in the supply chain,” said Oscar Sevilla, Chief Executive
Officer at Mercon.

Pricing on the facility could be discounted or have a premium applied
based on compliance with the sustainability performance indicators. Any
discount will be disbursed to Mercon’s sustainability initiative or
programs such as the LIFT sustainability production program or Seeds for
Progress Foundation. Any premium will be disbursed to similar programs
sponsored by Rabobank as the sustainability structuring agent and ING
Capital LLC and BNP Paribas as sustainability coordinators.

The LIFT Program was started in Nicaragua for coffee farmers and has
expanded to Guatemala, Honduras, Brazil and Vietnam. The goals of the
program are to improve productivity levels, ensure positive
environmental and social impact, and raise the living standards of
coffee communities in the region.

“This new partnership will allow us to advance in some of the most
relevant sustainability areas that benefit farmers where they need it
the most,” said Juan Pablo Ibarra, Chief Operating Officer at Mercon.

Netherlands-based Mercon is a vertically integrated global green coffee
supplier and has companies in nine countries. The new two-year credit
facility, which replaces the company’s existing facility, is led by
Rabobank.

“We couldn’t be happier with the results of this transaction. The
company now has a solid group of 13 relationship banks, including ING
Capital LLC, Macquarie Bank, Credit Suisse (Switzerland), UBS
Switzerland, BNP Paribas and International Finance Corporation,” said
Nader Pasdar, Rabobank’s Head of Markets North America. “This
transaction is a great example of how aligning our sustainability
principles with that of our clients can ultimately bring financial
benefits to them.”

About Rabobank

Rabobank Group is a global financial services leader providing wholesale
and retail banking, leasing, and real estate services in 38 countries
worldwide. Founded over a century ago, Rabobank today is one of the
world’s largest banks with over $665 billion in assets. In the Americas,
Rabobank is a premier bank to the food, agribusiness and beverage
industry, providing sector expertise, strategic counsel and tailored
financial solutions to clients across the entire food value chain.
Additional information is available on our website
or on our social media platforms, including Twitter
and LinkedIn.

About Mercon Coffee Group

Mercon Coffee Group is a vertically integrated global green coffee
supplier, with a vast experience in farming, production, trading,
logistics, and risk management, being one of the leading coffee
companies in the world. Our trajectory of more than 65 years in the
business has granted us global access to the coffee supply chain.
Mercon’s headquarters are in the Netherlands. Our presence throughout
the world allow us to service our clients in more than 50 countries. We
are strongly committed to the sustainability of the coffee industry to
generate long-term value and benefits for everyone in the supply chain.
Our purpose is to build a better coffee world.

Contacts

Catharine Rossano
Rabobank
Tel: 212-808-2576
Catharine.Rossano@rabobank.com

Kathya Sanchez, Communication Manager
Mercon Coffee Group
Tel:
(505) 2255-9200| Ext: 5063
communication@merconcorp.com

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