Globe Telecom Inc. yesterday signed P12-billion loan facilities with three local banks to finance its capital expenditure (capex) and refinance debts.
In a disclosure to the Philippines Stock Exchange, Globe said it signed term loan facilities with Bank of the Philippine Islands, China Banking Corp. and Robinsons Bank Corp. amounting to P3 billion, P5 billion and P4 billion, respectively.
“The loans shall be used to finance the company’s capital expenditures, debt refinancing and/or general corporate requirements,” Globe said.
In a related development, Gogoro Philippines, a joint venture between Globe’s 917Ventures Inc., Ayala Corp. and Gogoro of Taiwan, yesterday opened its first experience center in Makati City as it gears up for its commercial launch in the country.
“With the opening of our first Gogoro Experience Center (GEC), we are not just unveiling a store, we are opening the doors to the next chapter of mobility in the Philippines. Filipinos are invited to step in, explore, and be a part of this transformative journey towards a smarter and cleaner urban commute,” said Bernie Llamzon, Gogoro Philippines president.
Located in Greenbelt 4, Ayala Center, this innovative hub offers an immersive experience, giving visitors a taste of what it is like to use Gogoro Smartscooters and battery-swapping. – Myla Iglesias