Item 8.01 OTHER EVENTS.
New Sub-Advisor
On December 21, 2022, TriLinc Global Impact Fund, LLC ("TGIF") issued a press
release announcing the approval of a new sub-advisor, Working Capital Associates
LLP ("WCA"), for business expansion and socioeconomic development in Africa and
Latin America. A copy of the press release is filed as Exhibit 99.1 to this
Current Report on Form 8-K.
Portfolio Update
As of November 30, 2022, TriLinc Global Impact Fund, LLC ("TGIF") had $353.5
million in total financing commitments for business expansions and socioeconomic
developments through its investment portfolio in Sub-Saharan Africa, Latin
America, Southeast Asia, and Emerging Europe. The weighted average loan size of
the portfolio is $8.4 million, with an average duration of 1 year. Since TGIF
commenced operations and through November 30, 2022, TGIF has funded over $1.1
billion in aggregate investments to 93 borrower companies, including $104.7
million in temporary investments. Of the aggregate investment amount, TGIF has
received $852 million in full aggregate transaction repayments (71.77% of total
invested) from existing and exited trade finance, term loan, and temporary
investment facilities. Regionally, excluding temporary investments, TGIF has
funded over $366.2 million to 29 borrower companies operating in 9 developing
economies within Latin America, supporting 20,533 permanent employees; over
$505.2 million to 49 borrower companies operating in or trading with 21
developing economies within Sub-Saharan Africa, supporting 10,629 permanent
employees; over $189.2 million to 12 borrower companies operating in or trading
with five developing economies within Southeast Asia, supporting 7,556 permanent
employees; and over $21.5 million to three borrower companies in three countries
within Emerging Europe, supporting 3,705 permanent employees.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
The following Exhibits are filed as part of this report.
Exhibit
Number Description
99.1 Press release of TriLinc Global Impact Fund, LLC, dated December 21,
2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
Forward-Looking Statements
This press release contains forward-looking statements (including, without
limitation, statements concerning the use of financing provided to borrowers and
the expected repayment of financing extended to the borrowers) that are based on
TGIF's current expectations, plans, estimates, assumptions, and beliefs that
involve numerous risks and uncertainties, including without limitation, the
future operating performance of the borrower and those risks set forth in the
"Risk Factors" section of TGIF's most recent Annual Report on Form 10-K, as
amended or supplemented by TGIF's other filing with the Securities and Exchange
Commission. Although these forward-looking statements reflect management's
belief as to future events, actual events or TGIF's investments and results of
operations could differ materially from those expressed or implied in these
forward-looking statements. To the extent that TGIF's assumptions differ from
actual results, TGIF's ability to meet such forward-looking statements may be
significantly hindered. You are cautioned not to place undue reliance on any
forward-looking statements. TGIF cannot assure you that it will attain its
investment objectives.
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