Case Study 14
Deal Highlights:

Our client, one of the leading healthcare construction companies with presence in Asia and Africa providing turnkey services for Healthcare projects had a requirement to procure medical equipment and consumables for executing EPC works for the various clients being serviced by them.

Blend’s Export & Structured Finance Team structured a $20 Million facility by involving a European Aggregator and Bank with a credit enhancement from a European Institution. This allowed us to be able to structure a committed, unsecured facility extending a 360 days credit terms to our Client, enabling them to procure from multiple suppliers across Europe and Asia. The facility was also unique due to its off-balance sheet nature.

Blend was instrumental in setting up this facility in a short span of time, facilitating the procurement of healthcare equipment and consumables, which is of critical importance as the Covid-19 pandemic rages across the Globe.

Vaibhavi Thakkar, CEO, Blend Financial Services, said, “We are excited to have played a pivotal role in this transaction especially as this was the first time ever such a structure was approved and executed in this space. With this proof of concept having been established our teams are geared up and are executing over $ 500 Million worth of transactions with this mechanism.”

About Blend's Export & Structured Finance Division (ESF):

Our ESF team works extensively on Sovereign, PPP and Private Projects across Geographies in various sectors spanning from Energy, Infrastructure, Logistics, Education, Healthcare, Agriculture etc.Leveraging on the large network of banks, funds, DFI’s, aggregators, traders, EPC players and Insurance providers from across the Globe- we advise and arrange bespoke financing solutions for our clients across diverse debt and equity instruments for various tenors.

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