Manila Water Philippine Ventures Inc. (MWPVI), a subsidiary of Manila Water Co. Inc. , signed a P3 billion 10-year term loan facility from Security Bank Corp.
In a disclosure to the Philippine Stock Exchange, the company said the amount will be used exclusively to partially finance capital expenditures, fund existing projects of MWPVI’s subsidiaries or equity investments as well as fund working capital or generate corporate purposes.
Manila Water earlier announced that it will spend P105 billion for capital expenditures for water and wastewater projects in the next five years. – Jed Macapagal
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