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Mufin Green Finance Secures $18 Million Loan from US DFC for Onward Lending

Updated on: Dec 20, 2024, 2:11 PM IST
Mufin Green Finance has executed a $18 million loan agreement with the United States International Development Finance Corporation for onward lending.
Mufin Green Finance Secures $18 Million Loan from US DFC for Onward Lending
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Mufin Green Finance Limited, a leading player in the green financing domain, has entered into a significant loan agreement with the United States International Development Finance Corporation (DFC), a U.S. government development finance institution. This financial arrangement is set to boost Mufin’s capacity for onward lending in the sustainable finance space.

Key Details of the Agreement

The finance agreement, executed on December 18, 2024, outlines a term loan facility of up to $18 million. This marks a notable milestone for Mufin Green Finance as it expands its lending portfolio to support green projects.

Loan Features and Security Details

  1. Loan Amount: Up to $18 million.
  2. Nature: Term Loan.
  3. Security:
    • Unencumbered present and future downstream loan receivables, reflecting at least 110% of the loan’s principal and accrued interest.
    • Rights in loan and lease agreements related to the downstream loans.
    • Associated rights, claims, and awards of the borrower.

These securities are designed to provide robust financial backing for the loan, ensuring compliance with stringent international standards.

Purpose of the Loan

The loan facility is intended to finance Mufin’s onward lending operations, enabling the company to further its mission of promoting green and sustainable financial initiatives.

Current Market Performance

As of 9:56 AM on December 20, 2024, Mufin Green Finance’s share price is trading at ₹113.28 on the NSE, reaching an intraday high of ₹117.08. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Published on: Dec 20, 2024, 2:11 PM IST

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