Annual turnover of customer: New company
Annual group turnover: Over USD 550.0 million
Facility Arranged: USD 8.4 million
The Company, an Indian polytetrafluoroethylene (“PTFE”) manufacturer had entered into a joint venture (JV) in Morocco for a green-field project to manufacture acid grade fluorspar for captive consumption in India. The project being a backward integration project for Company A was strategically critical for giving it efficient and reliable supplies.
The total project cost of USD 12.0 million was planned to be financed with debt : equity of 70:30.
As the project was green-field and in Africa involving a foreign company, Local/Regional banks had a very limited credit appetite and could not cater to this requirement.
Interlinkages Consultancy Limited (ICL) was exclusively appointed to arrange debt for this project.
ICL was successful in:
Result
The JV was able to draw the loan and initiate the project development within the targeted timeline.
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