PLDT rejects report of looming maturity wall

Title PLDT Disputes Maturity Wall Report, Emphasizes Long-Term Debt Profile

The Power of PLDT Rebutting the Report of a Looming Maturity Wall

As a leading telecommunication company in the Philippines, PLDT Inc. has issued a statement clarifying its debt maturity profile in response to recent market speculation. The company has emphasized that most of its debt maturities are long-term, with approximately 61% due in 2031 and beyond.

A Long-Dated Debt Profile A Testament to Financial Discipline

PLDT's strategic approach to managing its finances is evident in its debt profile. By focusing on long-term debt obligations, the company can maintain a stable financial footing, reducing concerns about potential cash flow constraints. This disciplined approach is a key driver of PLDT's deleveraging efforts, allowing it to reduce debt without sacrificing its strategic investments.

No Dependence on REIT Listing

The report that sparked controversy suggested that PLDT was planning to list its data center business as a real estate investment trust (REIT) to pay off some of its P44 billion debt due this year and in 2027. However, PLDT has clarified that payment and refinancing would not depend on completing a data center REIT. This clarification should alleviate concerns about the company's ability to meet its financial obligations.

Capital Expenditures A Key Factor

PLDT's capital expenditures (capex) have slowed down in recent times as the company focuses on improving its network and maintaining free positive cash flow. This disciplined approach to capex is a key driver of the company's deleveraging efforts, allowing it to reduce debt without sacrificing its strategic investments.

Conclusion

In conclusion, PLDT's statement rejecting reports of a looming maturity wall highlights the company's commitment to transparency and financial discipline. By focusing on long-term debt obligations and maintaining a stable financial profile, PLDT is well-positioned to continue delivering value to its stakeholders.

Key Takeaways

PLDT's debt maturity profile remains long-term, with most maturities in 2031 and beyond.
The company's payment and refinancing plans are not dependent on a data center REIT listing.
Capital expenditures have slowed down, driven by a focus on network improvement and free positive cash flow.

Relevant Keywords* PLDT, debt maturity profile, long-term debt, real estate investment trust (REIT), capital expenditures, financial discipline.

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.