International Container Terminal Services Inc (ICTSI) has taken out a $750m loan to pay for plans to expand port operations through acquisition.
The Philippines-based terminal operator has secured the six-year loan term facility from Metrobank, which is also headquartered in the country.
“To date, this is the biggest credit facility secured by ICTSI and the largest bilateral facility extended by Metrobank,” Manila-listed ICTSI said in a statement.
