Clark Water Inks Term Loan Agreement for CAPEX Program

Clark Water Corp., a wholly-owned subsidiary of Manila Water Co. Inc. (PSE: MWC) through Manila Water Philippine Ventures Inc., signed a term loan agreement in the amount of PhP535 million with the Development Bank of the Philippines (DBP). The proceeds of the loan will be used to partially finance Clark Water’s Concession capital expenditure program.

Clark Water is the concessionaire of Clark Development Corp. under a 40-year contract for the construction, management, operation and maintenance of the water and wastewater facilities in the Clark Freeport Zone concession area.