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Metrobank signs US$ 300 Million Bilateral Deal with ICTSI Global Finance B.V.

Closing the deal are Metrobank Executive Vice President and Institutional Banking Sector Head Mary Mylene A. Caparas (2nd from left) and Senior Vice President and Corporate Banking Group Head Antonio R. Ocampo, Jr. (extreme left), along with ICTSI Senior Vice President and Global Corporate Head Christian R. Gonzalez (center), Senior Vice President and Chief Financial Officer Rafael D. Consing, Jr. (2nd from right) and Vice President and Treasurer, Gigi T. Miguel (extreme right).

Metropolitan Bank & Trust Co. (Metrobank) signed a US$ 300 Million 7-year Bilateral Term Loan Facility with ICTSI Global Finance B.V., guaranteed by International Container Terminal Services, Inc. (ICTSI).

The proceeds of the Loan shall be used to fund capital expenditures and to refinance existing obligations.

Metrobank sees the partnership as its way of supporting ICTSI’s domestic nation-building and global expansion strategies.

“Not only does the ICTSI Group contribute to the national progress of developing economies, it also continues to enhance the image of Filipino companies as global contributors with world-class standards and a passion for environmental sustainability.” said Caparas.

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