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SB Capital Investment Corp., the wholly-owned investment banking arm of Security Bank Corp., recently served as arranger for Phoenix Petroleum Philippines Inc.'s P750-million omnibus term credit facility. The participating lenders to the transaction included Security Bank Corporation, Land Bank of the Philippines and Robinsons Savings Bank.
The proceeds of the credit facility will be used to partially finance Phoenix Petroleum’s capital expenditure requirements for its depot/ logistics expansion projects in Calaca, Batangas and Davao City and support the company’s growing working capital requirement related to its petroleum distribution business.
Photo shows (seated third from left), Dennis A. Uy, President and CEO of Phoenix Petroleum Philippines, Inc. showing the thumbs up sign after the signing ceremony. Others in photo are (seated from left): Alex J. Macapagal, First Vice President and Head of Investment Banking, Land Bank of the Philippines; Cecilia C. Borromeo, Senior Vice President and Head of Institutional Banking and Subsidiaries Sector, Land Bank of the Philippines; Patricia May T. Siy, Executive Vice President and Head of Commercial and Retail Segment, Security Bank Corporation; and Reynold Y. Gerongay, President, Robinsons Savings Bank. Standing from L to R: Gerald K. Abrogar, Director, SB Capital Investment Corporation; Conrado A. Gloria, Jr., Executive Vice President, SB Capital Investment Corporation; Juanito Andres Henson, First Vice President, Robinsons Savings Bank; Loretta G. Mangilit, First Vice President, Security Bank Corporation; Maricar R. Lopez, Assistant Vice President, Security Bank Trust Division; Luis S. Elizaga, First Vice President, Security Bank Corporation and Roberto Martin S. Enrile, Vice President, Security Bank Trust Division.
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