Sun.Star Cebu - - BUSINESS -

GNPower Mariv­e­les Coal Plant Ltd. Co. (GMCP) signed on Mon­day a notes fa­cil­ity agree­ment with a con­sor­tium of lenders, in the amount of up to $800 mil­lion. The note­hold­ers are BDO Uni­bank Inc., China Banking Corp., Land Bank of the Philippines, Se­cu­rity Bank Corp. and Philip­pine Bank of Com­mu­ni­ca­tions. BDO Cap­i­tal & In­vest­ment Corp. is act­ing as sole man­dated lead ar­ranger. The pro­ceeds of the notes will be used by GMCP to re­fi­nance its ex­ist­ing loans and for other gen­eral cor­po­rate pur­poses. GMCP is a part­ner­ship among Therma Mariv­e­les Hold­ings, Inc., and Therma Mariv­e­les Ca­maya B.V., both AboitizPower sub­sidiaries, with Mariv­e­les Coal Project GP Corp., Power Part­ners Ltd. Co., and AC En­ergy Hold­ings Inc.’s af­fil­i­ates Ar­ling­ton Mariv­e­les Philippines GP Corp., and Ar­ling­ton Mariv­e­les Nether­lands Hold­ings B.V. /

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