PANGILINAN-led Metro Pacific Investments Corp. (MPIC) on Friday said it had signed an P8 billion syndicated term loan facility with a 10-year and 15-year tenor.
In a disclosure to the Philippine Stock Exchange, MPIC said proceeds of the facility would be used to partially finance the redemption of outstanding obligations of Beacon Electric Asset Holdings, Inc., a wholly owned subsidiary, and for other general corporate purposes.
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