Globe closes P5B term loan facility with Bank of Commerce
The Manila Timesยท2025-09-12 01:03
Group 1 - Globe Telecom, Inc. has closed a term loan facility of P5 billion with Bank of Commerce to support capital expenditures and debt refinancing [1] - The loan will be utilized for capital expenditures (CAPEX), debt refinancing, and other general corporate requirements [1] - Globe's capex guidance for the full year 2025 is below $1 billion, indicating ongoing investments to enhance its network and meet the demand for digital services [2]