Paul Hastings Advises Energy Development Corporation on its US$75 Million new loan and PHP4.1 Billion existing loan with IFC

June 22, 2011

Hong Kong (June 22, 2011) Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced that it has advised Energy Development Corporation (EDC), the Philippines leading producer of geothermal energy, in its new US$75 million term loan facility provided by International Finance Corporation (IFC). The new loan has a tenor of 15 years and the proceeds will be used by EDC to finance its medium-term capital expenditure program.

This new loan follows a PHP4.1 billion term loan provided by IFC in 2008, on which Paul Hastings also advised EDC.

The Paul Hastings team was led by partner Patricia Tan Openshaw with additional support from associate James Ma.

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