C07535-2017 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 6,227,887,491 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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AVAILMENT OF 7-YEAR TERM LOAN FROM PNB AND PAYMENT OF SHORT-TERM LOAN FROM BDO |
Background/Description of the Disclosure |
Apex Mining Co., Inc. (APX) today drew down the amount of P2.50 billion from its 7-year Term Loan Facility with the Philippine National Bank. The proceeds of the loan will be used primarily to immediately prepay the Company's outstanding short-term loan of P2.25 billion with BDO Unibank, Inc. This effectively converts part of the Company's short-term bank loan obligations into long-term, thereby improving the Company's financial position. |
Other Relevant Information |
None. |
Name | Renato Migrino |
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Designation | Treasurer |