Security Bank tapped for Petrolift Group

Leading universal bank, Security Bank Corporation, was tapped by the Petrolift Group as sole funder for its P1.8 Billion Financing Facility that will help finance its expansion plan of acquiring new-double hull petroleum tankers and retrofitting of existing single-hulled tankers into double hull. SB Capital Investment Corporation, the wholly-owned investment banking arm of Security Bank, was mandated as coordinating arranger for the loan transaction.

The Petrolift Group is the country