Derrimon Trading Company Limited secured a landmark financing partnership of up to USD 13,000,000 with IDB Invest, the private sector arm of the Inter-American Development Bank (IDB). The financing, structured in three tranches, is expected to propel Derrimon towards achieving key initiatives focused on trade financing, brand building, employment generation, and green energy implementation. The financing comprises: Tranche I: A committed senior financing of up to USD 3,000,000 to finance the implementation of solar panels, and modernization of the company's warehouse and distribution center in Jamaica.

Tranche II: A committed revolving credit line of up to USD 5,000,000 to purchase goods from eligible Suppliers in various jurisdictions, including Guyana, Suriname, and Norway. Tranche III: An uncommitted senior financing of up to USD 5,000,000 to finance capital expenditure and/or working capital needs in Jamaica. The usage of the proceeds aligns with Derrimon's commitment to sustainable practices and the development of local infrastructure.