Eastern Bank Ltd (EBL) – as mandated lead arranger has arranged a syndicated term loan facility of Tk 2,086.91 million for Butterfly Manufacturing Co. Ltd (BMCL) for their new state-of-the-art 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, said a press release.
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 Eastern Bank Limited; A. K. M. Shahnawaj, Deputy Managing Director, Dhaka Bank Limited; Arif Khan, CEO and Managing Director, IDLC Finance Limited; Md. Mofazzal Hossain, Deputy Managing Director, Jamuna Bank Limited; Shamsul Azam Khan, SEVP and Head of CRM, Meghna Bank Limited; Md. Khurshed Alam, Deputy Managing Director, NRB Bank Limited;. M. Fakhrul Alam, Managing Director and CEO, ONE Bank Limited; Mohammad Mamdudur Rashid, Additional Managing Director, United Commercial Bank Limited; S. M. Shamsul Arefin, CEO and Managing Director, Uttara Finance and Investments Ltd; D. K Son, Managing Director, LG Electronics-Dhaka and other representatives from the participating financial institutions and BMCL were present.