LRWC Subsidiary ABLGI Executes OLSA with BDO

Leisure & Resorts World Corporation’s (PSE: LR) wholly-owned subsidiary AB Leisure Global Inc. (ABLGI), as borrower, executed an Omnibus Loan and Security Agreement (OLSA) of PhP2.5 billion with BDO Unibank Inc. (PSE: BDO) – Trust and Investment Group as Security Trustee and the company, LRWC, as Surety.

The OLSA was executed to fund the acquisition of parcels of land for its planned Resort development.