📋 Tender Overview
COMPANY NAME
Trinidad Tissues Limited
PROJECT NUMBER
15566-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S CATEGORY tooltip
B
COUNTRY
Trinidad and Tobago
SECTOR
Manufacturing
STATUS
Proposed
DISCLOSED DATE
09/24/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
11/06/2025
APPROVAL DATE
N/A
SIGNED DATE
N/A
SPONSORING ENTITY
N/A
INVESTMENT OPERATIONS DEPARTMENT CONTACT
Corporates Division
INVESTMENT TYPE
Loan
SYNDICATED AMOUNT
N/A
FINANCING AMOUNT
USD $ 30,000,000
CURRENCY
USD
Project scope and objective
Trinidad Tissues Limited ( TTL or the Company ) is one of the leading paper manufacturers in the English-speaking Caribbean, with well-recognized brands and a distribution network spanning Trinidad & Tobago, CARICOM, the Dutch Antilles, Puerto Rico, the Dominican Republic, and other regional markets.
TTL is seeking financing of up to US$30 million, structured as follows: (i) a committed tranche of up to US$20 million to support its 2026–2027 capital expenditure program, refinance existing debt, and cover working capital needs; and (ii) an uncommitted tranche of up to US$10 million to finance additional capital expenditures, including the construction of a distribution center, as well as working capital requirements (together, the Project ).
The Project’s main objectives include (i) operational efficiency and competitiveness: capital investments will enable TTL to maintain high standards of safety and efficiency, expand production capacity, achieve economies of scale, and strengthen its position in the Caribbean market with higher-value products; (ii) promote regional Integration: By increasing production, TTL will expand the availability of high-value-added products across the Caribbean; (iii) support industrial development in Trinidad and Tobago: The Project aligns with the country’s industrial diversification agenda by fostering private-sector investment in manufacturing and creating demonstration effects for other companies in the sector; and (iv) advance sustainability: The Project will strengthen TTL’s environmental and social standards and reinforce the company’s long-term sustainability strategy.
