Business World Online
Posted on June 21, 2011 01:50:59 PM | BREAKING NEWS
LOPEZ-LED Energy Development Corp. (EDC) signed a six year $175-million loan to refinance its existing debt the company disclosed Tuesday.
The company signed the loan with seven banks with Australia and New Zealand Banking Group Ltd. as sole coordinator.
“The new facility shall effectively refinance EDC’s existing $175-million Transferable Syndicated Term Loan Facility maturing on June 17, 2013,” the company said.
The loan is expected to close by the end of the month. -- Emilia Narni J. David
“The new facility shall effectively refinance EDC’s existing $175-million Transferable Syndicated Term Loan Facility maturing on June 17, 2013,” the company said.
The loan is expected to close by the end of the month. -- Emilia Narni J. David
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