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Metro Pacific Investments Corporation: Philippine Stock Exchange

MPIC secured a total of PHP 25 billion in loan facilities from three Philippine banks to partially finance its acquisition of a 10% stake in Meralco from Beacon Electric and for other corporate purposes. The loans include a 10-year PHP 10 billion fixed-rate term loan from BPI, a 10-year PHP 10 billion term loan from PNB with fixed interest for 5 years, and a 10-year PHP 5 billion term loan from BDO with fixed interest for 5 years. The loans will be used to finance the Meralco share acquisition and invest in other projects and general corporate purposes.

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94 views3 pages

Metro Pacific Investments Corporation: Philippine Stock Exchange

MPIC secured a total of PHP 25 billion in loan facilities from three Philippine banks to partially finance its acquisition of a 10% stake in Meralco from Beacon Electric and for other corporate purposes. The loans include a 10-year PHP 10 billion fixed-rate term loan from BPI, a 10-year PHP 10 billion term loan from PNB with fixed interest for 5 years, and a 10-year PHP 5 billion term loan from BDO with fixed interest for 5 years. The loans will be used to finance the Meralco share acquisition and invest in other projects and general corporate purposes.

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BusinessWorld
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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METRO PACIFIC INVESTMENTS CORPORATION

14 April 2015
PHILIPPINE STOCK EXCHANGE
Disclosure Department
3/F PSE Plaza, Ayala Triangle
Ayala Avenue
Makati City
SECURITIES & EXCHANGE COMMISSION
Corporation & Finance Department
S.E.C. Building, EDSA
Mandaluyong City
Attention:

MS. JANET A. ENCARNACION


Head
Disclosure Department
DIR. JUSTINA F. CALLANGAN
Corporation & Finance Department

RE:

SEC FORM 17-C


METRO PACIFIC INVESTMENTS CORPORATION (MPIC) (PSE:MPI)

In compliance with the Revised Disclosure rules of the Exchange, Metro Pacific
Investments Corporation (MPIC) submits the attached SEC-Form 17-C.
Thank you.
Very truly yours,

MELODY M. DEL ROSARIO


Corporate Information Officer
PR & Corporate Communications

SECURITIES AND EXCHANGE COMMISSION


SEC FORM 17-C
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1.

14 April 2015
Date of Report (Date of earliest event reported)

2. SEC Identification Number CS200604494


3. BIR Tax Identification No. 244-520-457-000
4. METRO PACIFIC INVESTMENTS CORPORATION
Exact name of issuer as specified in its charter
5. METRO MANILA, PHILIPPINES
Province, country or other jurisdiction of
incorporation

6.

(SEC Use Only)


Industry Classification Code:

7. 10th Floor, MGO BUILDING, LEGAZPI COR. DELA ROSA STREETS, LEGAZPI

VILLAGE, MAKATI CITY, METRO MANILA, PHILIPPINES


........................
Address of principal office

Postal Code

8. (632) 888-0888
Issuer's telephone number, including area code
9. NA
Former name or former address, if changed since last report
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the
RSA
Title of Each Class

Number of Shares of Common Stock


Outstanding and Amount of Debt Outstanding

COMMON SHARES OF STOCK

27,861,770,752*

*as of 31 March 2015.


11. Indicate the item numbers reported herein: Item 9.

Item 9. Other Items


MPIC loan facilities
On 14 April 2015, Metro Pacific Investments Corporation (MPIC) entered into separate
agreements to secure loan facilities in the aggregate amount of PhP 25 billion, proceeds of which
will be used by MPIC to partially finance its acquisition of common shares in Manila Electric
Company (Meralco) (representing approximately 10% to the total issued and outstanding
common shares of Meralco) from Beacon Electric Asset Holdings, Inc., investment in other
projects and for other general corporate purposes, specifically:
(i)

a 10-year fixed-rate term loan of PHP10 Billion from Bank of the Philippine Islands;

(ii)
a 10-year term loan of PHP10 Billion from Philippine National Bank, with interest rate
fixed for the first 5 years and repriced at the end of the 5th year; and
(iii)
a 10-year term loan of PHP5 Billion from BDO Unibank, Inc., with interest rate fixed for
the first 5 years and repriced at the end of the 5th year.
SIGNATURES
Pursuant to the requirements of the Securities Regulation Code, the Issuer has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

METRO PACIFIC INVESTMENTS CORPORATION


MPIC or Issuer

.............................................................
JOSE JESUS G. LAUREL
General Counsel/Vice President Legal and Compliance/
Corporate Governance Officer

14 April 2015
Date

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