Monday 24 September
Powered by Ajaxy
Jan 12, 2018 @ 19:22

MPIC secures P8B loan

 

Infrastructure conglomerate Metro Pacific Investments Corp. raised P8 billion from a syndicated term loan facility.

In a stock exchange filing, MPIC said it signed signed a 10-year and 15-year loan facility to pay down debt and for general corporate purposes.

The loan proceeds will be used to partially finance the redemption of the outstanding debt obligations of wholly-owned subsidiary Beacon Electric Asset Holdings Inc.

MPIC tapped BDO Capital & Investment Corp. as arranger and bookrunner.

It has set a P653 billion five year capital spe sing program to further expand its power, tollways, rail and health care businesses.

Tags: , , , ,

Related Stories
Leisure Resorts and World Corp. Is alloting P200 million for the expansion of its gaming
Sta. Lucia Land Inc. plans to raise up to P3 billion from the issuance of
Aseagas Corp., a wholly-owned subsidiary of Aboitiz Power Corp., has settled P2.37 billion in debt
Ramos family-led Anglo Philippine Holdings Corp has acquired a 23.8 percent interest in Atlas Consolidated


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.