Century Pacific Food, Inc. is entering into an agreement in order to secure a five-year fixed rate term loan, which will amount to P500 million. The intended use of the loan is to partially refinance short-term debt that financed Century Pacific Agricultural Ventures, Inc.’s takeover.
In 2015, Century Pacific completed a P4.5 billion deal to acquire Century Pacific Agricultural Ventures, Inc. from Century Pacific Group, Inc., its parent company. The acquisition provided the company with a renewed growth, allowing for the chance to take advantage of the demand for healthy and organic food in more developed countries.
