SyCipLaw counsels Philippine National Bank and Asia United Bank in connection with a Php3.5 billion loan facility obtained by Star Infrastructure Development Corporation
July 25, 2013
SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) acted as counsels to the Philippine National Bank and Asia United Bank in connection with a PhP3.5 billion loan facility obtained by Star Infrastructure Development Corporation.
The proceeds of the facility will be used principally to finance the total cost of the remaining construction works for the Southern Tagalog Arterial Road Project (STAR). STAR is a 42-kilometer toll way facility linking the southern Tagalog provinces of the Philippines to the National Capital Region. STAR traverses the towns of Sto. Tomas, Malvar and Ibaan, Batangas and the cities of Tanauan, Lipa and Batangas. Republic Act No. 6462 officially renamed STAR as the Apolinario Mabini Superhighway.
The SyCipLaw team consisted of partner Mia G. Gentugaya, senior associate John Paul V. De Leon and associates Maricar G. Ramos, Leanne Herschel C. Que, Patrick Henry D. Salazar, Diana S. Gervacio and Irene B. Balmes.