According to the bank's website, "the proposed investment is a total of US$700 million senior loans, including IFC A plus B loans, to two Vietnam subsidiaries of Goertek Inc. (“Goertek”, “the Sponsor” or “the Guarantor”) for (i) the expansion of an existing production base in Bac Ninh, Vietnam and (ii) the construction of a new production base in Nghe An, Vietnam (together, the “Project”). Goertek Technology Vina Company Limited (“Goertek Bac Ninh”) will undertake the expansion in Bac Ninh and Goertek Precision Industry Vietnam Company Limited (“Goertek Nghe An”) will construct the greenfield in Nghe An (together “Goertek Vietnam”, the “Companies” or the Borrowers”)."
The Project will be funded by the IFC A plus syndicated B loans and Goertek’s internally generated cash. The proposed IFC investment is a 5-year senior loan of up to US$700 million in total with a grace period of 1 year.
Finance Manager, Goertek Technology Vina Company Limited
Lot N-1 Que Vo Industrial Park (Expansion Zone), Nam Son Ward, Bac Ninh City, Bac Ninh Province, Vietnam
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