Pue­blo De Oro De­vel­op­ment Corp. closes P300M loan with UCPB

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PUE­BLO DE Oro De­vel­op­ment Cor­po­ra­tion (PDO), a lead­ing mid­dle mar­ket real es­tate de­vel­oper, re­cently achieved fi­nan­cial close of its P300 mil­lion seven-year un­se­cured term loan with the United Co­conut Planters Bank (UCPB).

The loan fa­cil­ity was ar­ranged by the In­vest­ment & Cap­i­tal Cor­po­ra­tion of the Philip­pines (ICCP), one of the lead­ing in­de­pen­dent in­vest­ment bank­ing firms in the Philip­pines. PDO has over 20 years of ex­pe­ri­ence in res­i­den­tial and mixe­duse projects in Ca­gayan De Oro, Cebu, Batan­gas, and Pam­panga.

“We con­sider this un­se­cured loan from UCPB as a mile­stone for our Com­pany,” Rhoel Al­berto B. Nolido, PDO’s pres­i­dent and COO stated. “The suc­cess­ful fund rais­ing con­firms the fi­nan­cial com­mu­nity’s vote of con­fi­dence to Pue­blo De Oro. The pro­ceeds will be put to good use as we con­tinue to achieve our goal of mak­ing Pue­blo de Oro a for­mi­da­ble brand in the real es­tate in­dus­try while re­flect­ing its core val­ues of in­tegrity, ex­cel­lence, ser­vice and com­mit­ment,” he added.

The com­pany dis­closed that the pro­ceeds of the term loan fa­cil­ity will be uti­lized mainly to sup­port the Com­pany’s on­go­ing cap­i­tal ex­pen­di­ture pro­gram for its ex­ist­ing and up­com­ing res­i­den­tial and mixed-use projects na­tion­wide.

Ca­rina Francesca G. Uy, first vi­cepres­i­dent and Cor­po­rate and Com­mer­cial Bank­ing Group head of UCPB, stated: “We are happy that with this new term loan fa­cil­ity, we can con­tinue to show our com­mit­ment to sup­port the growth of PDO as one of the top real es­tate com­pa­nies in the coun­try.”

Wil­liam M. Val­tos, Jr., ICCP CEO, and Feli­cisimo G. Fal­con, Jr., man­ag­ing di­rec­tor, jointly said, “We at ICCP are hon­ored to have acted and served as the Ar­ranger of this debt raise which will cer­tainly con­trib­ute to the suc­cess­ful ex­e­cu­tion of Pue­blo De Oro’s strate­gic plans. We ap­pre­ci­ate the con­fi­dence Pue­blo De Oro showed to ICCP, and we look for­ward to work­ing with the com­pany and UCPB on fu­ture trans­ac­tions.”

ICCP has over 30 years of ex­pe­ri­ence in pro­vid­ing a wide range of clients ex­per­tise in debt cap­i­tal mar­ket, merg­ers and ac­qui­si­tions, fi­nan­cial ad­vi­sory, and eq­uity cap­i­tal mar­kets.

IN PHOTO (L-R) are ICCP CEO Wil­liam M. Val­tos, Jr., ICCP Group Vice-Pres­i­dent and Trea­surer Rhodora C. Lao, PDO Se­nior Vice Pres­i­dent Leonardo B. Dayao, PDO Pres­i­dent and COO Rhoel Al­berto B. Nolido, UCPB FVP & Cor­po­rate and Com­mer­cial Bank­ing Group Head Ca­rina Francesca C. Uy, UCPB AVP and CCBG-MM1 Team Head Mi­la­gros A. Cruz, UCPB AVP and CCBG-MM1 Re­la­tion­ship Man­ager Marie An­gela G. Ng, and ICCP Man­ag­ing Di­rec­tor Feli­cisimo G. Fal­con, Jr.

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