Green Core Geothermal Inc, a wholly owned subsidiary of Energy Development Corp (EDC), has obtained loans from various banks amounting to P8.5 billion, the EDC said in a disclosure to the Philippine Stock Exchange on Monday.
It said separate loan agreements have been completed with the banks, which included Asia United Bank Corporation, Bank of the Philippine Islands, BDO Unibank Inc., Development Bank of the Philippines, Land Bank of the Philippines, Rizal Commercial Banking Corp., Robinsons Bank Corp. and Union Bank of the Philippines.
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