DFF - Healthline 2 (Medical Equip. Manuf.)

repaying

This project was approved in the context of the Bank's response to the COVID-19 pandemic.  To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Provision of a USD 2.8 million senior secured loan to finance the acquisition of a third production line for the manufacturing of single-use medical gloves (the "project") by JV Healthline LLC (the "company", "Healthline"). The project is in response to the increased demand for medical personal protective equipment (PPE) due to the COVID-19 pandemic. Healthline has been an existing client of the EBRD since November 2019. The initial project involved the establishment of a medical glove production facility with two production lines to which the EBRD provided debt financing of USD 9.2 million. To respond to the increased demand for PPE, Healthline decided to install a third production line under the project which will increase the production capacity of disposable medical gloves.