Massy Partnership for Strategic Expansion and Sustainable Growth in the Caribbean (Massy Group)

in implementation

Massy Holding Ltd. (“Massy”) and Massy Integrated Retail Ltd.(“MIRL”), companies incorporated in Trinidad and Tobago, are seeking financing of up to US$150 million to support: (i) a US$90 million capex investment program in their operating subsidiaries in Trinidad and Tobago and Barbados (Term Loan); and (ii) US$60 million in working capital needs (US$35 million committed), (Trade Finance Facility). IDB Invest financing will include advisory services related to sustainability aspects (e.g. climate, digital transformation, and food security).Massy Holdings Limited engages in trading, manufacturing, finance, and service industries throughout the Caribbean Region and South America. Massy operates through the following segments: Integrated Retail, Energy/Gas Products, Motors and Machines, and Financial Services.MIRL, a wholly-owned subsidiary of Massy, oversees an integrated retail and distribution business, including the retailing of merchandise through a chain of supermarkets and the wholesale distribution of agency products. The entity is also an investment holding entity with subsidiaries whose principal activities are the retailing of merchandise through a chain of supermarkets, wholesale distribution, and the administration of a loyalty program.