Live Breaking News & Updates on Megawide Cebu Airports Corp
Stay updated with breaking news from Megawide cebu airports corp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
SunStar + May 07, 2021 GMR Megawide Cebu Airports Corp. (GMCAC), airport subsidiary of Megawide Construction Corp. and its lenders have executed an agreement for the rebalancing of its debt servicing commitments and relaxation of debt covenants, which are associated with the end-2020 outstanding P23.9 billion project financing contracted to develop, operate, and maintain the multi-awarded Mactan-Cebu International Airport. The lenders are composed of the country’s largest banks, namely BDO Unibank Inc., Philippine National Bank, Bank of the Philippine Islands, Development Bank of the Philippines, Land Bank of the Philippines, and Metropolitan Bank and Trust Company, as well as the Asian Development Bank. BDO Capital also acted as the financial advisor to the transaction. ....