Milbank LLP is advising EPIC Group Holdings Limited on its US$100 million debt financing with sustainability-linked features, including a US$70 million sustainability-linked loan and a US$30 million green loan, for expansion of its operations in Bangladesh and India. EPIC Group is partnering with the International Finance Corporation (IFC), a member of the World Bank Group, and this transaction marks IFC's first green loan with sustainability-linked features in the manufacturing sector.
Epic Group is a major textiles trading house and a leader in sourcing quality fabrics. The company operates state-of-the-art manufacturing facilities in Bangladesh, Jordan and Ethiopia. The funds will be used to expand operations in Bangladesh and build a new manufacturing facility in India; upgrade washing and wastewater treatment plants; and invest in technology and equipment to reduce energy and water use.
The Milbank team is led by Hong Kong Global Leveraged Finance partner Davide Mencacci with associate David Zhu.
