KhanLex advised the U.S. International Development Finance Corporation (DFC) on its 5.0 million senior loan facility to Goyol Cashmere LLC, a fast-growing cashmere producer of Mongolia.
The loan will help Goyol Cashmere LLC to construct a new factory and to purchase additional equipment in order to expand its production. Parts of the loan proceeds will also be used by Goyol Cashmere LLC for construction of child daycare center and employee housing so as to support its employees.
“We are happy to continue advising DFC in its operations in Mongolia. We are also pleased that we have supported Goyol Cashmere LLC’s initiatives to expand its production, which, in turn, will support the country’s efforts to increase production of finished cashmere knitwear, expand exports and diversify economy.” said Batjargal Gombosuren, Partner, who co-led the KhanLex team on this deal. The KhanLex team who worked on this transaction consisted of Enkhat Batsukh and Khulan Bayarsaikhan.