DFC - DPA LOAN PROGRAM EXECUTIVE ORDER 13922
The
U.S. International Development Finance Corporation (“DFC”) is launching
its Request for Proposal (“RFP”) from private sector entities seeking
support for DFC-DPA-eligible projects via financing. The RFP will be
open to private sector entities with proposed projects that create,
maintain, protect, expand, or restore domestic industrial base
capabilities supporting the national response and recovery to the
COVID-19 outbreak; or the resiliency of any relevant domestic supply
chain
The DFC-DPA Loan Program
seeks to further expand domestic production of strategic resources
needed to respond to the COVID-19 outbreak, including strengthening
relevant supply chains within the United States and its territories to
ensure that our country has the capacity, capability, and strong and
resilient domestic industrial base necessary to respond to the COVID-19
outbreak.
1The DFC-DPA
Loan Program seeks to finance commercially viable private sector
projects in the United States that support the domestic response to and
recovery from COVID-19 with investments in health supply chains
(including the production and distribution of PPE, ventilators,
therapeutics, diagnostics, vaccines, and other medical supplies);
innovative care delivery systems; digital health and related IT systems;
data science innovations; medical technology and devices;
pharmaceuticals2; life sciences; and other investments in materials or
technologies in relevant supply chains (including electronics,
manufacturing, machine tools, industrial controls, raw materials, and
advanced technology)
The
DFC-DPA Loan Program seeks to partner with the private sector to
support solutions to the most critical challenges facing the United
States in the face of COVID-19. DFC-DPA investments will adhere to high
standards with respect to credit and legaldue diligence. For additional
information about the DFC-DPA Loan Program, please see www.dfc.gov/dpa Key Dates Call Issued Proposals Due June 22, 2020 February 28, 2022
Sector Focus Pharmaceuticals
Personal Protective Equipment Medical Testing Supplies Airway
Management Consumables Vaccine-related items Relevant Material or
Technologies
Key Requirements Private Financing Unavailable on
Reasonable Terms DFC-DPA Loan is the Best Way to Meet the Need
Reasonable Assurance of Repayment PURPOSE OF THE CALL
The
DFC-DPA Loan Program seeks to catalyze investment over two years for
eligible projects that create, maintain, protect, expand, or restore
domestic industrial base capabilities supporting the national response
and recovery to the COVID-19 outbreak or the resiliency of any relevant
domestic supply chain. Selections will be conducted through a
competitive process and subject to thorough due diligence and
underwriting. The DFC Chief Executive Officer (CEO) has sole discretion
in making selections
INVESTMENT QUALIFICATIONS & CHARACTERISTICS
•Applicants
should be seeking DFC-DPA Loan Program support for private sector-led
investments that support the domestic response to and recovery
fromCOVID-19 with investments in health supply chains (including the
production anddistribution of PPE, ventilators, therapeutics,
diagnostics, vaccines, and othermedical supplies); innovative care
delivery systems; digital health and related ITsystems; data science
innovations; medical technology and devices;pharmaceuticals; life
sciences; and other investments in materials ortechnologies in relevant
supply chains (including electronics, manufacturing,machine tools,
industrial controls, and raw materials).
•Proposed opportunities and why they are eligible for this financing should bedescribed in the applicant’s submission.
•The
investment thesis should reflect the management team’s prior
experienceand track record of impact and financial performance.
•DFC is targeting individual investments ranging in size from $10 million to $500+million
.•Except in limited circumstance, the loan should not exceed 80% of the total costof the project.
Applicants must be private businesses, including nonprofit research corporationsand providers of critical infrastructure.
SELECTION CRITERIA
1.
Demonstration of how the proposed investments will create, maintain,
protect,expand, or restore domestic industrial base capabilities
supporting the nationalresponse and recovery to the COVID-19 outbreak;
or the resiliency of anyrelevant domestic supply chain.2. Credibility
and thoughtfulness of the proposal; consistency and clarity of
theinvestment thesis and proposed strategies.3. Previous track record
of the management team making or managing similarinvestments, and the
team's experience in relevant sectors.4. Experience, depth,
credibility, and cohesiveness of the management team.5. Ability to show
a compelling business plan that addresses the current orprojected
shortfall of the goods or services being financed.6. The management
team’s experience servicing debt obligations or acting as afiduciary in
managing institutional capital and meeting reporting requirements.7.
Ability to mobilize additional capital within a reasonable time.8.
Ability of the project to specify and meet pertinent metrics, articulate
how andwhy it will produce specific outcomes, and evaluate performance.
SELECTION PROCESS
Initial Proposals
Each
proposal will be reviewed utilizing internal policies and procedures,
will require appropriate application materials as specified on the
DFC-DPA website, and will be assessed against the criteria of the RFP.
The selection process is expected to be very competitive, and the
DFC-DPA Loan Program may receive proposals from many highly qualified
applicants. Regrettably, the program may not have the capability to
support all of the qualified investment opportunities that apply. Those
entities not selected for further due diligence review will be notified
via email.
Selection of Finalists
Each
application that meets the qualification criteria will be screened to
determine which applicants will become selected for further
consideration.
A project team will be assigned for those selected for further consideration. The project team may reques
additional
information from, and conduct on-site due diligence of, finalists.
Candidates may be selected for further due diligence based solely on
their written proposals.
Recommendations & Approvals
Upon
the completion of due diligence (including a credit analysis), the
project team will make its recommendation for selecting one or more
investments for consideration for approval to the DFC CEO, who has the
right to approve or reject every project or no project.
SUBMITTING A PROPOSAL
Visit www.dfc.gov/dpa and submit DFC Form-014 to dpa@dfc.gov.
Some questions in the application ask for you to submit specific
supporting documentation, and you may attach the additional
documentation with your proposal. Once you submit the form, your
proposal will be sent to the DFC-DPA staff and will no longer be
available for editing. If you need to submit additional supporting
documentation for a proposal, please clearly identify the associated
proposal in the title and body of the email, as well as in the title of
the document being submitted.
DFC
reserves the right do move up the deadline to an earlier date, but the
deadline will not be extended beyond February 28, 2022, and proposals
submitted beyond that date will not be considered.
OTHER
•To obtain a description of the DFC-DPA Loan Program, please visit www.dfc.gov/dpa.
•DFC will not be liable for any costs incurred in connection with the submission ofa proposal.
•DFC
reserves the right not to select any of the proposals or to suggest
thatproposals be supplemented or combined with other proposals without
reinitiatingthe selection process. The issuance of the RFP does not
obligate support to anyproposal or any selected project under the
DFC-DPA Loan Program.
When you have other Questions please you need Contact at:
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Phone: +26134026111 or Call toll-free at 1-844-USA-GOV 1( 1-844-827-4681)