Cebu Pacific Bolsters Liquidity With $329M In New Bank Loans

Cebu
Credit: Cebu Pacific
Philippine carrier Cebu Pacific has signed a PHP16 billion ($329 million) 10-year loan facility with six domestic banks, just weeks after raising PHP12.5 billion through a rights issue that was finalized in February. Proceeds from the loans will be used for capital expenditures and to provide a...

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