SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

May 10, 2023

2. SEC Identification Number

CS200411461

3. BIR Tax Identification No.

232-715-069

4. Exact name of issuer as specified in its charter

Megawide Construction Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

No. 20 N. Domingo Street, Barangay Valencia, Quezon City Postal Code 1112

8. Issuer's telephone number, including area code

(02) 8655-1111

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
common	2,013,409,717
preferred	118,626,010

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Megawide Construction CorporationMWIDE

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Omnibus Loan and Security Agreement by and among Megawide Construction Corporation, Cebu2World Development, Inc., Philippine National Bank, Land Bank of the Philippines, PNB Capital and Investment Corporation, and Philippine National Bank - Trust Banking Group
Background/Description of the Disclosure
On 10 May 2023 (“Execution Date”), Megawide Construction Corporation (the “Company”) as Share Security Grantor, Subordinated Loan Security Grantor, and Sponsor executed an Omnibus Loan and Security Agreement with its wholly-owned subsidiary, Cebu2World Development, Inc. (“Cebu2World”) as Borrower, Mortgagor, Grantor, and Assignor, Philippine National Bank and Land Bank of the Philippines as Lenders, PNB Capital and Investment Corporation as Mandated Lead Arranger and Bookrunner, Land Bank of the Philippines as Co-Lead Arranger and Bookrunner, and Philippine National Bank acting through its Trust Banking Group as Facility Agent and Security Trustee (the “Omnibus Loan”). Under the Omnibus Loan, the Company agreed to create a security interest over its present and future shares of stock and its entire ownership interest in Cebu2World in consideration for Cebu2World’s availment of financing to undertake the mixed-used development of the Carbon Market in Cebu City (the “Project”) (“Financing”). The Financing includes the availment of a term loan facility in the aggregate amount of up to 60% of the Project’s cost or Three Billion Pesos (PhP3,000,000,000.00), whichever is lower. The Project is a joint venture undertaking by and between Cebu2World and the City of Cebu.
Other Relevant Information
The Board approved the Omnibus Loan on Execution Date.