KINGSTON, Jamaica — PRODUCTIVE Business Solutions Limited (PBS) has secured up to US$30 million in financing from IDB Invest to fund working capital and growth investments across its 24-country technology business.

The financing consists of a secured loan and committed revolving credit facility, IDB Invest announced on Monday.

The parties did not disclose how the US$30 million would be divided between the loan and revolving facility, the interest rate, maturity, collateral or drawdown schedule. They also did not say whether any of the financing had already been accessed.

A revolving facility allows a borrower to draw, repay and reuse funds within an agreed limit, providing greater flexibility for recurring working-capital needs.

IDB Invest said the financing would support PBS’s expansion and increase access to digital services across the Caribbean, Central America and South America.

PBS supplies information technology, networking and communications systems, security equipment, print and imaging products, managed services and artificial intelligence-enabled solutions to businesses and public institutions.

“The Caribbean has companies with the experience and ambition to scale across the region, and this is a clear example,” said IDB Invest Managing Director for the Caribbean Darryl White.

PBS Group CEO Pedro Paris said the agreement would strengthen the company’s ability to invest in the expertise, capabilities and partnerships needed to meet the region’s changing technology demands.

“The financing agreement reinforces our long-term strategy of investing in the capabilities, expertise and partnerships needed to meet the evolving technology needs of the region,” Paris said.

The funding follows PBS’s announcement earlier this month that it had secured a 10-year contract worth at least US$10 million with an unnamed international bank in Central America.

That project will cover data architecture, modernisation of the bank’s enterprise data warehouse, disaster-recovery systems and the use of artificial intelligence in selected operations.

The financing also comes as PBS seeks to improve its performance after missing several targets in 2025.

Revenue declined three per cent to US$374.92 million, below the company’s US$425-million target. Earnings before interest, tax, depreciation and amortisation increased eight per cent to US$55.2 million, but consolidated net profit fell 41 per cent to US$4.44 million.

The company started 2026 at a slower pace, with first-quarter revenue declining 10 per cent to US$84.58 million and net profit falling 17 per cent to US$2.24 million.

PBS ended March with US$20.69 million in cash, US$407.75 million in total assets and US$331.77 million in liabilities.

The company is headquartered in Barbados and is listed on the Jamaica Stock Exchange and Barbados Stock Exchange.

– Dashan Hendricks