MTC Engaged for PKR 6 Billion Financing Availed by JDW Sugar Mills Limited

Mohsin Tayebaly & Co. was engaged as transaction legal counsel with respect to the syndicated term finance facility in the aggregate amount of up to PKR 6 Billion being availed by JDW Sugar Mills Limited from a consortium of banks, for which purpose Askari Bank Limited has been appointed as the facility agent on behalf of the financiers.

The facility is intended to be utilized for the purposes of: (i) funding the construction of JDW Sugar Mills Limited’s head office building at Main Boulevard Gulberg, Lahore; and (ii) financing the balancing, modernizing and replacement activities related to the sugar division for FY 2024 and FY 2025.

MTC’s team in this matter was led by Vaseeq Khalid (Partner) and included Laraib Saba Turk (Senior Associate), Yawar Burki (Associate) and Ariba Fatima (Associate).