METRO Pacific Tollways Corp. (MPTC) has secured a P3.6-billion loan facility from Bank of the Philippine Islands (BPI) to support its capital expenditure program and refinance its existing debt obligations.
The company said it had entered into an agreement with BPI for a 10-year fixed-rate term loan with a total amount of up to P3.6 billion.
“The proceeds of the term loan facility will be used by MPTC to finance its capital expenditure projects, equity funding, refinancing of existing indebtedness, and/or other general corporate purposes,” the company said.
This credit facility follows MPTC’s successful P20 billion fixed-rate bond sale in December meant to bankroll its new tollway projects and aggressive debt reduction.
Proceeds from the December 2025 bond sale have been earmarked for infrastructure development, including the continuing construction and maintenance of major expressways — specifically the Manila Cavite Expressway (Cavitex), Cavite Laguna Expressway (Calax), and the future Lapu-Lapu Expressway (LLEx) — as well as funding new investments and general corporate needs.
BPI Capital Corp. and First Metro Investment Corp. were the joint issue managers and, together with BDO Capital & Investment Corp., China Bank Capital Corp., PNB Capital and Investment Corp., and Security Bank Capital Investment Corp. served as joint lead underwriters and joint bookrunners for the bond offer.
MPTC’s portfolio of expressways includes the Cavitex, North Luzon Expressway (NLEx), Subic-Clark-Tarlac Expressway (SCTEx), Calax, Cebu-Cordova Link Expressway (CCLEx), and the NLEx Connector.
The company also holds investments in the Asean region and provides digital transformation and mobility innovation services through its subsidiaries.
MPTC reported a consolidated core net income of P23.6 billion in the first nine months of 2025, up 14 percent from P20.8 billion in the same period in 2024.
Among its core businesses, power continued to contribute the largest share at P17.6 billion, or 65 percent, of net operating income in the period.
Water and toll roads contributed P5.8 billion and P4.4 billion, respectively, accounting for 37 percent of net operating income.
