VIVANT Energy Corp. secured a PHP3.5 billion loan from BDO Unibank, while Manila Water Co. finalized a PHP10 billion loan with Metropolitan Bank to enhance their energy and utility projects in the Philippines.
Information on the Target
VIVANT Energy Corp., a prominent player in the energy sector, has recently secured a PHP3.5 billion term loan facility agreement with BDO Unibank, Inc. This agreement is designed to enhance the company's financial backbone and support its ongoing projects in the energy landscape.
In addition, Manila Water Co., Inc. has also finalized a PHP10 billion loan to finance capital expenditure projects. This loan agreement with Metropolitan Bank and Trust Co. will assist the east-zone water concessionaire in various developmental endeavors aimed at improving service provision.
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Industry Overview in the Philippines
The Energy & Utilities sector in the Philippines has been witnessing significant activity, particularly in recent months, with many companies executing substantial loan agreements to bolster their o
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Disclosed details
Transaction Size: $1,249M