AN ABOITIZ-LED consortium has secured loan commitments totaling up to P70 billion from BDO Unibank and Metropolitan Bank & Trust Co. to finance part of its takeover of the Caliraya-Botocan-Kalayaan (CBK) hydropower facilities in Laguna.
In a regulatory filing on Thursday, the company said each bank has committed up to P35 billion, which the consortium may draw down to fund the transaction.
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