C07653-2017 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
---|---|---|
Common Shares | 2,053,945,884 |
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 |
---|
Term-Loan Facility for Boracay Island Water Company, Inc. |
Background/Description of the Disclosure |
Please be informed that, today, Boracay Island Water Company, Inc. (“Boracay Water”), a subsidiary of Manila Water Company, Inc., signed a Fourth Omnibus Loan and Security Agreement in the amount of PhP 2.40 Billion with the Bank of the Philippine Islands. The loan will be used to finance general corporate requirements and capital expenditures of Boracay Water in fulfilment of its service obligations, as well as refinance an existing loan. Following the approval of its business plan in its rate rebasing of 2017, Boracay Water will be spending PhP 2.20 Billion in capital expenditures from 2018 to 2022. |
Other Relevant Information |
- |
Name | Josephine Pagdanganan |
---|---|
Designation | Senior Legal Counsel |