Milbank LLP advised Masan Group Corporation (MSN) in connection with a successful refinancing of up to US$350 million of its USD-denominated loan facilities, extending their maturities, reducing interest rates and transitioning to an unsecured structure. MSN is one of Vietnam’s largest conglomerates and a leader in the consumer goods industry.
The new facility offers an interest rate lower than prior comparable loans, leading to projected savings of approximately VND500 billion over the next four years.
“We are delighted to again advise longtime client Masan Group on a key financing transaction,” said Milbank partner Jacqueline Chan. “The unsecured loan at a significantly lower interest rate signals the trust and standing Masan has built with its lenders.”
The Milbank team was led by Ms. Chan and included associates Hua Chan and Josh Harris.
