AsemconnectVietnam - On March 30, Masan Group Joint Stock Company (HOSE: MSN) announced the successful disbursement of the first phase with a value of USD375 million, under the guarantee of a syndicated loan worth USD650 million signed in February 2023 (Syndicated loan in 2023).

Accordingly, Masan aims to use the entire 2023 Syndicated Loan with a "greenshoe" option on the remaining USD275 million by the end of this year.
The credit package is underwritten, involving key lenders and Investment Register Managers (“MLABs”) including BNP Paribas Bank, Credit Suisse, HSBC, Standard Chartered and United Overseas Bank.
In the context of recent fluctuations in the global banking market, Masan's successful disbursement of the guarantee portion of the 2023 Syndicated Loan has confirmed the confidence of financial institutions in the solid business foundation and Masan's healthy credit file.
The USD loan has an interest rate plus 3.5% with the SOFR reference rate, which equates to an interest rate of 8% per year. With a term of 5 years, the 2023 Syndicated Loan will help Masan increase its long-term capital and strengthen its liquidity.
As interest rates fall and capital markets stabilize, Masan's management will continue to optimize its balance sheet, reduce interest expenses and reduce debt through strategic implementation steps in the near future.
In the context of challenging macroeconomics, the ability to generate stable cash flow from the business segments manufacturing and retailing essential consumer products (such as necessities, instant noodles, condiments, etc.), along with the achievement of accessing many capital markets will help the Company capture market share, continue to invest in future growth.
With the advantage of stable cash flow, Masan continues to invest in new innovations as well as expand its consumer retail platform while maintaining a strong balance sheet.
N.Nga
Source: VITIC/Tinnhanhchungkhoan