THE SM Group’s BDO Unibank has signed an agreement to provide a $280-million term loan for Cemex Holdings Philippines Inc. (CHP) in support of the business prospects and positive long-term outlook of the cement firm.

“We’ve been together from the boom of the cement industry, to the bust and then to the boom again. We are happy that Cemex has once again chosen BDO to be its partner,” Walter Wassmer, senior executive vice president of BDO, said in a statement on Monday.

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