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Massy Hold­ings Ltd yes­ter­day an­nounced a plan to take a US$150 mil­lion loan from the In­ter-Amer­i­can In­vest­ment Cor­po­ra­tion (IDB In­vest).

In a no­tice to the Trinidad and To­ba­go Stock Ex­change, Massy Hold­ings said its board of di­rec­tors has ap­proved a long-term fi­nanc­ing pack­age among the com­pa­ny, its whol­ly owned sub­sidiary, Massy In­te­grat­ed Re­tail Ltd and IDB In­vest.

In the no­tice, Massy Hold­ings said the fi­nanc­ing pack­age with IDB In­vest se­cures up to US$150 Mil­lion in long-term, un­se­cured fund­ing, struc­tured as draw­down-based fa­cil­i­ties, com­pris­ing: