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ICTSI Secures $40m loan
2009/4/20
Philippine-based port operator International Container Terminal Services (ICTSI) announced it secured a five-year, US$40 million loan from Metropolitan Bank and Trust Company, Dow Jones reported.
ICTSI said that proceeds from the loan facility will be used to partly refinance the company''s liabilities, some of which were incurred for expansion overseas.
Aside from the Philippines, ICTSI also has operations in Madagascar, Ecuador, Brazil, China, Syria, Colombia, Poland, Indonesia, and Georgia.
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2009/4/21