The Thunder Consortium has secured bridge loan facilities amounting to up to USD1.19 billion to partially finance its acquisition of the Caliraya–Botocan–Kalayaan (CBK) hydroelectric power plant complex in the Philippines. The financing comprises two separate PHP35 billion facilities provided by BDO Unibank and Metropolitan Bank and Trust Company. The Thunder Consortium includes Aboitiz Renewables, Inc., Sumitomo Corporation and Electric Power Development Corporation Limited can draw up to USD595 million from each lender to support the transaction.
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