PROJECT

Projects

Summary of Investment Information

Project Number

49180

Company Name

Epic Group Holdings Limited

Date SPI Disclosed

Apr 15, 2024

Country

South Asia Region

Region

South Asia

Projected Board Date

May 28, 2024

Environmental Category

B - Limited

Status

Active

Last Updated Date

Aug 21, 2024

Department

Regional Industry - MAS Asia & Pac

Industry

Manufacturing

Previous Events

Approved : May 30, 2024
Signed : Jun 17, 2024
Invested : Aug 15, 2024

Sector

Garment and Apparel (With Primary Textile Operations, Excluding Footwear)

Project Description

Epic Group Holdings Limited and its subsidiaries (“Epic” or the “Company”) are leading apparel manufacturers in Bangladesh and one of the top chino manufacturers globally. Epic is now expanding its operations in Bangladesh and establishing presence in India. The proposed investment will provide Epic with a debt financing package of up to US$120 million in the form of a sustainability-linked loan and a green loan with sustainability-linked features, that will be used to support its expansion in India and Bangladesh. 

Associated Advisory Engagement

 IFC’s Partnership for Cleaner Textile (PaCT) program focuses on providing advice on implementing cleaner production practices. Epic is an existing IFC advisory client through the Global Levi PaCT Program and Bangladesh PaCT Project. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation