MCB Structures $51M Loan for Tolaram's Guinness Acquisition

Mauritius Commercial Bank Limited (MCB) has structured a $51 million medium-term loan facility for Tolaram, a Singapore-based multinational and one of Africa’s largest consumer goods groups. This facility partially refinances a short-term loan associated with Tolaram's acquisition of Guinness Nigeria Plc, allowing for a longer-term funding structure that aligns with Tolaram's growth objectives.

The loan includes a tailored covenant package to provide financial flexibility and support long-term value creation. Thierry Hebraud, CEO of MCB, emphasized the bank's strategy to facilitate trade and investment between Asia and Africa, highlighting Tolaram's significant presence in Nigeria and its expansion across Africa and the Middle East.

Rahul Somani, Group CFO of Tolaram, praised MCB's professional approach in structuring the refinancing deal efficiently, marking the beginning of a long-term relationship between MCB and Tolaram, as well as between the Asia-Africa corridor.