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ACEN secures P17.5-B financing from Landbank
The Philippine Star
|October 25, 2025
Ayala-led ACEN Corp. has executed a loan agreement and credit facility of P17.5 billion with state-run Land Bank of the Philippines (Landbank) to fund its clean energy projects.
In a stock exchange filing yesterday, ACEN said the agreements included an P8-billion loan and a P9.5-billion credit facility, which reallocated the balance of its existing P20-billion credit line with Landbank.
A loan agreement is a one-off deal between a lender and a borrower, while a credit facility may include several loan tranches.
This follows Landbank's approval in November 2023 of a P20-billion loan to partially finance ACEN's general corporate requirements and investments in renewable energy projects.
In another development, ACEN has forged a supply deal with Siena College to power the latter's campuses in Quezon City and Taytay, Rizal with 100 percent renewables.
Denne historien er fra October 25, 2025-utgaven av The Philippine Star.
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