Rockwell Land eyes P10B in bank loans

By Brix Lelis

Feb 29, 2024 12:25 am

REAL estate developer Rockwell Land Corp. on Wednesday said it intended to secure P10 billion in term loan facilities from two local banks to finance its capital expenditures, land acquisitions, and planned investments.

In a filing with the stock exchange, Rockwell said that its board of directors had greenlit a P5-billion, 10-year term loan facility with Philippine National Bank (PNB) as well as a P5.0 billion seven-year term loan with Rizal Commercial Banking Corp. (RCBC).

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