Globe closes P5B term loan facility with Bank of Commerce
The Manila Times·2025-09-12 01:03
MANILA, Philippines — Globe Telecom, Inc. (Globe) said on Friday that it closed another term loan facility to help mainly with its capital expenditures and help pay off debt. In a disclosure to the Philippine Stock Exchange (PSE), the telco said that it has signed a term loan facility of P5 billion with Bank of Commerce. Globe said that the loan should be used to partially finance its capital expenditures (CAPEX), debt refinancing, and other general corporate requirements.Globe has said in the beginning of ...