GLOBE Telecom, Inc. on Thursday said it had obtained a P3-billion term loan facility from sister firm Bank of the Philippine Islands (BPI) to finance capital expenditures (capex), refinance existing debt, and address general corporate requirements.
In August, the Ayala-led telco had also secured term loan facilities from China Banking Corp. (P10 billion), Land Bank of the Philippines (P5 billion), and Metropolitan Bank & Trust Co. (P7 billion).