Metropolitan Bank & Trust Co., one of the largest lenders in terms of assets, is extending a $750-million (P42 billion)
Metropolitan Bank & Trust Co., one of the largest lenders in terms of assets, is extending a $750-million loan to International Container Terminal Services Inc. to further expand the latter’s port operations worldwide.
Proceeds of the six-year loan facility will be used to refinance the global port operator’s short-term obligations and fund strategic mergers and acquisitions, it said. ICTSI holds a strong track record for investing in both new and existing terminals that will fuel the growth of its offshore and domestic operations.
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