Globe Telecom signs 15-year P5 billion term loan with Union Bank

Globe Telecom recently signed with Union Bank of the Philippines a 15-year P5 billion term loan, which shall be used to finance the acquisition of San Miguel’s telecommunications assets. Globe Telecom President & CEO Ernest Cu, (center) and Globe Chief Finance Officer Rizza Maniego-Eala (2^nd from left) signed for the leading telecommunications company. On the other hand, signatories for Union Bank were Union Bank Chairman & CEO Justo Ortiz (2^nd from right), Union Bank President & COO Edwin Bautista (extreme right) and Chief Operating Officer and Senior Executive Vice President, Retail & Corporate Banking Head Eugene Acevedo.