C08588-2023

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)
Dec 7, 2023
2. SEC Identification Number
39274
3. BIR Tax Identification No.
000-506-020-000
4. Exact name of issuer as specified in its charter
ACEN CORPORATION
5. Province, country or other jurisdiction of incorporation
Makati City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
35th Floor, Ayala Triangle Gardens Tower 2, Paseo de Roxas corner Makati Avenue, Makati City Postal Code 1226
8. Issuer's telephone number, including area code
(02) 7730 6300
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 Shares 39,677,394,773
Series A Preferred Shares 8,341,500
Series B Preferred Shares 16,658,500
11. Indicate the item numbers reported herein
Item 9 - Other Events

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.

ACEN CORPORATIONACEN

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

ACRI secures its first USD100M green term loan facility from MUFG
Background/Description of the Disclosure

ACEN Renewables International Pte. Ltd (ACRI), a subsidiary of ACEN CORPORATION (ACEN) based in Singapore, has signed its first USD100 million green term loan facility from MUFG Bank, Ltd. (MUFG), part of leading global financial institution Mitsubishi UFJ Financial Group (MUFG). This investment will be directed toward the growth and development of ACEN's renewable energy projects beyond the borders of the Philippines.

This green long-term facility is part of ACEN's strategic expansion into several international markets including Australia, which stands as the company’s largest market outside of the Philippines. The funding aligns with ACEN's ambitious goal of achieving 20 GW of renewables by 2030.

MUFG acted as the sole arranger and green loan coordinator for this term loan, which operates under a five-year term, and is encompassed within ACEN's green finance framework.

The MUFG facility forms part of ACRI's term fundraising efforts, which have current approvals in place for up to US$422 million, with forecasted use of the funds in the next two years.

ACEN treasurer, Cecile Cruzabra, commented on the partnership: "We are delighted to collaborate with MUFG once again, a move that signals a significant step forward in our mission to expand our renewable energy portfolio globally. This funding will play a pivotal role in accelerating our projects beyond the Philippines, bringing us closer to our goal of a greener, more sustainable future."

Randy Loo, MUFG’s head of global corporate banking, Singapore, said: “This landmark transaction is a reaffirmation of the partnership between MUFG and ACEN while demonstrating a deepening alignment of our sustainability objectives. We look forward to further leverage our extensive network and expertise in renewables financing in support of its 2030 renewables goal.”

Colin Chen, MUFG’s head of ESG finance for APAC, said: “Renewable energy remains a key component of Asia’s decarbonisation pathway, and in line with MUFG’s leading track record in ESG and renewables financing, an extension of the bank’s comprehensive approach towards transitioning the region to Net Zero. This transaction is not only a landmark for ACEN but brings online much-needed renewable energy capacity that will take us closer to a carbon-neutral future.”

ACEN remains firm in its commitment to lead the charge in the region’s renewable energy landscape. With this new funding, ACEN is poised to achieve its strategic goals and contribute significantly to the race for energy transition.

DISCLAIMER: This disclosure may contain forward-looking statements that are subject to risk factors and opportunities that may affect ACEN’s plans to complete the transaction/s subject of this disclosure. Each forward-looking statement is made only as of the date of this disclosure. Outcomes of the subject transaction may differ materially from those expressed in the forward-looking statements included in this disclosure.
Other Relevant Information

About ACEN

ACEN (PSE:ACEN) is the listed energy platform of the Ayala Group. The company has ~4,500 MW of attributable capacity from owned facilities in the Philippines, Australia, Vietnam, Indonesia and India, with a renewable share of 98%, which is among the highest in the region.

ACEN’s aspiration is to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 20 GW of renewables capacity by 2030. ACEN is committed to transition the company’s generation portfolio to 100% renewable energy by 2025 and to become a Net Zero greenhouse gas emissions company by 2050.

For inquiries and more information, please contact:

Irene Maranan
Head – Corporate Communications and Sustainability
Email: [email protected]
Filed on behalf by:
Name Alan Ascalon
Designation Vice President/Asst. Corporate Secretary