EDOTCO Group has successfully completed a Syndicated Term Facility of up to USD700.0 million structured on a multi tranche basis for the purpose of refinancing and for general corporate & investment purposes. OCBC Bank acted as the Lead Coordinator, Mandated Lead Arranger and Facility Agent for the Syndication while DBS Bank Ltd. (“DBS”) and MUFG Bank, Ltd. Labuan Branch (“MUFG”) also participated in the Syndication as Mandated Lead Arrangers for the Facility.
Commenting on the transaction, Ms Tan Ai Chin, Managing Director, Senior Banker and Head of Investment Banking, OCBC Bank, said: “ The successful financial close of this Syndication further reinforces our position as the top Mandated Lead Arranger in the Bloomberg league table for loan syndication in Malaysia. We are honoured to be a strategic financial partner in supporting EDOTCO Group’s regional M&A and path of expansion over the last decade, to become one of the largest
integrated telecommunications infrastructure services companies in Asia.”
The Group’s Chief Executive Officer, Encik Mohamed Adlan Ahmad Tajudin said: “The fundraising exercise is primarily to fund EDOTCO Group’s recent acquisition in the Philippines whereby EDOTCO Group’s wholly owned subsidiary in the Philippines has entered into a sale and purchase agreement for the acquisition of 2,973 telecom towers with subsidiaries of PLDT, Inc, Philippines’ largest fully integrated telecommunications company.
