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Jul 12, 2018 @ 11:54

EDC to secure P11.5B in loans

 

Lopez-led Energy Development Corp. is seeking P11.5 billion worth of loans from various local banks.

In a disclosure to the stock exchange, EDC said the credit facility would be used to refinance the company’s $80 million club loan, fund a portion of its capital expenditure program, and for other general corporate purposes.

EDC is the Philippines’ largest vertically-integrated geothermal developer, delivering 1,457.8MW of clean and renewable energy to the country.

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