Alsons Consolidated Resources, Inc.
(Usted Inthe Philippine Stock Exchange Trading Symbol “ACR
2nd Foor, Alsons Buleing
2286 Chino Roces Ext. (formerly P. Tao Ext) Makatl Clty
1231 Metro Mania Pilppines
Tal Nos: (632) 982-3000 Fax Nos: (632) 982-3077
A. Website: wnrwracrcom ph
November 26, 2015
Philippine Stock Exchange
Aitn.: Ms, Janet A. Encarnacion
Head — Disclosure Department
Ayala Triangle, Ayala Avenue
Makati City, Metro Manila
Securities & Exchange Commissioi
‘Attn.: Director Justina F. Callangan
Corporation Finance Department
S.E.C. Building, EDSA
Greenhills, Mandaluyong City
Gentlemen:
m the Exchange that ACR entered into an Omnibus Notes Facility and
Security Agreement for the issuance of Fixed Rate Corporate Notes in the amount 7.5
Billion Pesos. The Notes will have 5-year and 7-year tranches and the proceeds from the
issuance of such notes will be used to prepay an existing loan facility and to finance its
investment in power-related assets. ING Bank N.V., Manila Branch is the Issue Manager
and Bookrunner for the transaction.
We are also furnishing the Exchange a copy of the Press Statement by the Company
entitled: “Alsons Taps ING for 7.5 Billion Peso Note Issuance”
We trust that you will find the foregoing in order.
Very truly yours,
Assistant
Alternate In}Aons Cid Reso
Refer to: Luis R. Ymson, Jr., Chief Financial Officer, Alsons Consolidated Resources
lty@alcantaragroup.com (02} 982 3026
Alsons taps ING for 7.5 Billion-Peso Note Issuance
‘Alsons Consolidated Resources, Inc. (ACR) ~ the publiciy-isted company of the Alcantara Group,
announced that it has entered into an Omnibus Notes Facility and Security Agreement for the issuance
of Fixed Rate Corporate Notes in the amount of 7.5 Billion Pesos. The Notes will have 5-year and 7-year
tranches and the proceeds from the issuance of such notes will be used to prepay an existing loan
facility and to finance its investment in power-related assets. ING Bank N.V., Manila Branch Is the Issue
Manager and Bookrunner for the transaction
ACR is Mindanao’s first and most experienced independent power producer. It currently operates the
103 MW diesel power plant of the Mapalad Power Corporation (MPC) in lligan City, the Southern
Philippines Power Corporation's (SPPC) 5S MW power plant in Alabel, Sarangani, the 100 MW Western
Mindanao Power Corporation (WMPC) plant in Zamboanga City. All three diesel plants have significantly
contributed to alleviating the power shortage in Mindanao.
ACR is developing coal-fired power facilities to help provide a stable source of baseload power for
Mindanao and ensure long-term power security for the island. These facilities are: the 105 MW San
Ramon Power, Inc. (SRPl) plant in Zamboanga City and the 210 MW Sarangani Energy Corporation (SEC)
plant in Maasim, Sarangani
The first 108 MW section of the SEC plan is now in the advanced stages of testing and commissioning,
and will begin commercial operations in the first quarter of 2016 with an initial capacity of 105 MW. The
SEC plant is expected to be operating at its full 210 MW capacity in 2018. The SRPI power facility in
‘Zamboanga City is expected to begin construction in 2016 and is slated to operate by 2019.
ACR is likewise entering the renewable energy sphere with the development of a 15 MW run of river
hydroelectric plant along the Siguil River in Maasim, Sarangani. The Siguil plant is targeting to begin
construction in 2016, ACR-affiliated power facilities are expected to have a total generating capacity of
588 MW by 2019. The said capacity will fulfll more than 25% of Mindanao's projected peak demand for
that year,
The Alcantara Group, through its other subsidiaries aside from ACR, is also engaged in aquaculture and
agribusiness, property development and services. It has been an active player in the economic
development of Mindanao and the rest of the Philippines for over 50 years.
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