Metrobank issued a 5-year, P2.5 billion Term Loan to Pepsi-Cola Products Philippines, Inc., for its various expansion initiatives.
This is the second Term Loan transaction of the Bank with Pepsi in recent years, the first financed the construction of one of the biggest manufacturing facilities of Pepsi in Batangas.
“Metrobank and Pepsi have had a strong partnership for 23 years and counting, and we are honored to be a part of Pepsi’s remarkable growth story in the Philippines,” says Metrobank Executive Vice President and Head of Institutional Banking Sector Mylene Caparas. “We look forward to many more milestones together in the coming years,” she concluded.
The signing ceremony was formalized by Metrobank Executive Vice President and Head of Institutional Banking Sector Mylene Caparas (center left) and Pepsi Cola Products Philippines Senior Vice President – Chief Financial Officer Imran Moid (center right).
The signing was witnessed by Metrobank Senior Vice President and Head of Corporate Banking Group Antonio R. Ocampo Jr., (left) and Pepsi Cola Assistant Vice President – Treasury Veronica De Jesus (right).