EBL arranges term loan of BDT 2,086.91 million

Eastern Bank Ltd. (EBL) as mandated lead arranger has arranged a syndicated Term Loan facility of BDT 2,086.91 million for Butterfly Manufacturing Co. Ltd (BMCL) for their new CKD Refrigerator manufacturing plant at Bhaluka, Mymensingh.

The plant will manufacture energy efficient non-frost refrigerator under the technical collaboration of world-renowned brand LG Electronics.

A deal closing ceremony was held at The Westin Dhaka hotel recently.

M. A. Mannan, Chairman and Managing Director, Mustafizur Rahman Shazid, COO and Director, Shahjahan Majumder FCA, CFO from Butterfly Manufacturing Co. Ltd; Ali Reza Iftekhar, Managing Director and CEO, Ahmed Shaheen, Deputy Managing Director from EBL; A. K. M. Shahnawaj, DMD, Dhaka Bank Limited; Arif Khan, CEO and Managing Director, IDLC Finance Limited; Md. Mofazzal Hossain, DMD, Jamuna Bank Limited; Shamsul Azam Khan, SEVP and Head of CRM, Meghna Bank Limited; Md. Khurshed Alam, DMD, NRB Bank Limited;. M. Fakhrul Alam, Managing Director and CEO, ONE Bank Limited and Mohammad Mamdudur Rashid, AMD, UCB; were present.