In a disclosure, the telco said it signed a three-year $40-million term loan facility with Mizuho Bank Ltd.
"The proceeds of the loan will be used to prepay and refinance certain debts," Globe Telecom said.
Meanwhile, the firm has listed P7-billion worth of fixed-rate bonds on the Philippine Dealing and Exchange Corp.
The notes are made up of P4-billion worth of seven-year bonds due 2020 and P3-billion worth of 10-year bonds due 2023.
The firm in May said proceeds from the retail bonds will be used to fund capital expenditures and prepay debt.
source: www.abs-cbnnews.com
