EDC said in a disclosure to the stock exchange Monday the seven banks were Asia United Bank Corp., Bank of the Philippine Islands, BDO Unibank Inc., Development Bank of the Philippines, Land Bank of the Philippines, Rizal Commercial Banking Corp., Robinsons Bank Corp. and Union Bank of the Philippines.
EDC said Green Core would use the proceeds from the loans to repay bonds maturing in June this year. BDO Capital & Investment Corp. acted as sole arranger of the P8.5-billion loan.
GCGI operates the 112.5-MW Tongonan geothermal plant in Leyte and the 192.5-MW Palinpinon geothermal plants in Negros Oriental.
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