MAS Capital (Private) Limited

completed

MAS Capital (Pvt) Ltd. (“MAS”, “the group” or “company”) is a vertically integrated intimate-wear and active-wear manufacturing group operating out of Sri Lanka. The company also has operations outside Sri Lanka, but these are not included within the scope of the proposed IFC investment. The group’s operations span the entire value chain of the manufacturing process from fabric, elastic, lace and accessories to the final product. IFC is considering an investment for capacity expansions, sustainability projects and product development in the group (MAS), which includes at MAS Capital (Pvt) Ltd, MAS Active (Pvt) Ltd, Trischel (Pvt) Ltd and Textprint Lanka (Pvt) Ltd (collectively the “Co-borrowers”) and their subsidiaries. (“the project”) which are all a part of the MAS group. The project will be carried out in MAS’s existing plants in Sri Lanka located in the Western and North Western Provinces. The project cost is estimated at $35 million and the proposed IFC investment is up to $27 million, A-loan to the co-borrowers to be used solely for projects in Sri Lanka.