Energy Development Corp. gets $175-M loan | Inquirer Business

Energy Development Corp. gets $175-M loan

By: - Reporter / @amyremoINQ
/ 01:06 PM June 21, 2011

MANILA, Philippines—Energy Development Corp., the country’s biggest producer of geothermal power, signed on Tuesday a six-year, $175-million transferrable syndicated term loan facility.

In a disclosure to the Philippine Stock Exchange, EDC said the loan will refinance EDC’s existing $175 million transferrable syndicated term loan, to stretch its maturity from June 2013.

Mandated lead arrangers and bookrunners of the transaction are Australia and New Zealand Banking Group Ltd. (ANZ); the Bank of Tokyo-Mitsubishi UFJ Ltd.; Chinatrust Commercial Bank; ING Bank N.V. Manila branch; Maybank Group; Mizuho Corporate Bank Ltd.; and Standard Chartered Bank.

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TAGS: Banking, Business, Energy, Energy Development Corp., Finance, Geothermal, power, power generation

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