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International Container Terminal Services, Inc. signed a US$1 billion term loan facility agreement with BDO Unibank, Inc. on September 22
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The facility has a tenor of 10 years; no other term details were provided
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ICTSI, currently ranked as the most valuable stock in the Philippine Stock Exchange, recently secured contract extensions for major ports in the Philippines and continues to expand internationally
International Container Terminal Services, Inc. (ICTSI) signed a US$1 billion term loan facility agreement with BDO Unibank, Inc. on September 22, the company announced in a regulatory disclosure.
The listed terminal operator said the facility has a tenor of 10 years, but did not specify other details such as interest rate, payment schedule, and intended use of the funds.
ICTSI, currently ranked as the most valuable stock in the Philippine Stock Exchange with a capitalization of over P2 trillion, recently secured contract extensions for major ports in the Philippines as well as continuously upgrading and expanding its international sites.
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For the first half of 2026, ICTSI reported a net income attributable to equity holders of $589.98 million, an increase of 22% from $483.84 million in the same period last year driven primarily by higher operating income.
Revenue from port operations grew 27% to $1.92 billion from $1.51 billion, mainly due to volume growth, higher revenues from ancillary services at certain terminals and tariff adjustments, and favorable foreign exchange translation.
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“ICTSI delivered a strong first half, with double-digit growth in volumes, revenues and earnings supported by contributions from recently added terminals and stable performance across our existing portfolio,” ICTSI chairman and president Enrique K. Razon, Jr. said in August.
