MPIC Inks Syndicated Term Loan Facility

On 11 January 2018, Metro Pacific Investments Corp. (MPIC, PSE: MPI) signed a PhP8 billion 10-year and 15-year syndicated term loan facility.

Proceeds of which will be used by MPIC to partially finance the redemption of the outstanding debt obligations of Beacon Electric Asset Holdings Inc., a wholly-owned subsidiary of MPIC, and for other general corporate purposes.

On 12 January 2018, MPIC also signed a PhP2 Billion 15-year syndicated term loan facility. The proceeds of the facility will be used by MPIC to partially finance the redemption of the outstanding debt obligations of Beacon Electric and for other general corporate purposes.

MPIC engaged BDO Capital & Investment Corporation as arranger and bookrunner.

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