SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Aug 14, 2024

2. SEC Identification Number

1177

3. BIR Tax Identification No.

000-768-480-000

4. Exact name of issuer as specified in its charter

Globe Telecom, Inc.

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio Global City, Taguig City Postal Code 1634

8. Issuer's telephone number, including area code

(02) 7797-2000

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	144,380,334
Total Debt (In Millions of Pesos)	248,735

11. Indicate the item numbers reported herein

Please refer to the relevant attachment

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.

Globe Telecom, Inc.GLO

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Globe Telecom closes term loan facilities with China Banking Corporation, Land Bank of the Philippines and Metropolitan Bank & Trust Company.
Background/Description of the Disclosure
Globe Telecom, Inc. signed term loan facilities with China Banking Corporation, Land Bank of the Philippines and Metropolitan Bank & Trust Company for Php10 Billion, Php5 Billion and Php7 Billion, respectively. The loans shall be used to finance the Company’s capital expenditures (capex), debt refinancing and/or general corporate requirements. As of the first six months of the year, Globe invested Php28.3 Billion in capex, lower by 25% compared to the same period in 2023. This reduction in capex spending aligns with the company's ongoing strategy to optimize capital allocation and achieve positive free cash flows by 2025. Approximately 91% of this amount was allocated for data infrastructure to guarantee that customers have uninterrupted access to crucial digital services and entertainment options, regardless of time or location. Globe continues to spearhead efforts to bridge the digital divide by bringing connectivity to remote areas across the country, with its network now reaching over 500 Geographically Isolated and Disadvantaged Areas (GIDAs). By helping improve the country’s digital infrastructure, Globe connects remote communities, enabling residents to access vital online services, educational resources, and economic opportunities.
Other Relevant Information
Please refer to attached.