ACEN Corp. has secured a term loan facility worth P10 billion, the company said in a disclosure to the Philippine Stock Exchange yesterday.
ACEN said the P10 billion is in connection to its public disclosure last May 18 which said it has executed and availed credit facilities with China Banking Corp. of up to P5 billion as well as with Mitsubishi UFJ Financial Group for omnibus credit lines of up to $50 million
ACEN said the P10 billion secured term loan facility is also in connection with its March 9, 2022 announcement that mentioned the company’s procurement of additional omnibus credit lines of up to P7.5 billion from banks and the co-use of these facilities with its subsidiaries and additional term loan facilities of up to P23 billion.
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