ANSA McAL Ltd has ex­e­cut­ed an amend­ed and re­stat­ed loan agree­ment that re­fi­nances an ex­ist­ing syn­di­cat­ed fa­cil­i­ty and pro­vides the com­pa­ny with the op­tion to ac­cess ad­di­tion­al fund­ing for gen­er­al cor­po­rate pur­pos­es.

A no­tice post­ed on the T&T Stock Ex­change yes­ter­day said the con­glom­er­ate en­tered in­to the agree­ment on Sep­tem­ber 30, 2026.

The trans­ac­tion re­fi­nances, on an un­se­cured ba­sis, the prin­ci­pal out­stand­ing un­der an ex­ist­ing $765 mil­lion dual-tranche fixed and float­ing-rate se­nior se­cured syn­di­cat­ed term loan.

The com­pa­ny said it would al­so bor­row an ad­di­tion­al $60.47 mil­lion un­der the arrange­ment, bring­ing the new prin­ci­pal sum of the fa­cil­i­ty to $600 mil­lion.

The agree­ment fur­ther pro­vides flex­i­bil­i­ty for the prin­ci­pal amount to be in­creased by up to $300 mil­lion, sub­ject to the terms and con­di­tions out­lined in the fa­cil­i­ty.

Ac­cord­ing to the com­pa­ny, any ad­di­tion­al loans ob­tained un­der the agree­ment would be used for gen­er­al cor­po­rate pur­pos­es.

The re­lease did not spec­i­fy any par­tic­u­lar projects or in­vest­ments that would be fi­nanced through the fa­cil­i­ty.

The agree­ment was dis­closed in a no­tice signed by cor­po­rate sec­re­tary Frances Bain-Cum­ber­batch and is­sued in ac­cor­dance with Sec­tion 64(1)(b) of the Se­cu­ri­ties Act and Rule 603 of the T&T Stock Ex­change Rules.

ANSA McAL is one of the Caribbean’s largest con­glom­er­ates, with op­er­a­tions span­ning man­u­fac­tur­ing, dis­tri­b­u­tion, re­tail, fi­nan­cial ser­vices, me­dia and au­to­mo­tive sec­tors.