ENERGY Development Corp. (EDC), the country’s largest geothermal power producer, has secured a bridge loan facility worth $90 million, or approximately P3.9 billion, from foreign banks to provide financing for a major wind project that it is building in Ilocos Norte.
In a disclosure to the Philippine Stock Exchange on Friday, the Lopez-led company said it has signed a bridge financing facility with Australia and New Zealand Banking Group Ltd. and Mizuho Bank Ltd. acting as mandated lead arrangers and bookrunners for the transaction.
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