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ACEN Gets Fresh P3-B Loan to Fund Global Projects
The Philippine Star
|May 10, 2025
Ayala-led ACEN Corp. has sealed a €50-million (about P3.1 billion) credit facility with ING Bank N.V. Manila Branch to reinforce its international expansion.
In a disclosure to the Philippine Stock Exchange yesterday, the listed energy arm of the Ayala Group said its subsidiary ACEN International Inc. has finalized the signing of a term loan facility with ING.
The financing would be used to finance existing and upcoming renewable power projects and for other general corporate purposes, ACEN said.
Further details were not immediately made available.
The transaction came weeks after ACEN Australia secured P27 billion (around 750 million Australian dollars) in debt financing from a consortium of global lenders to fund its green energy projects.
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