BRIEF-Max's Group Says Co & Unit Each Executed Term Loan Agreements With Development Bank Of The Philippines

Nov 19 (Reuters) - Max's Group Inc:

* CO & UNIT NO BIA, INC. EACH EXECUTED TERM LOAN AGREEMENTS WITH DEVELOPMENT BANK OF THE PHILIPPINES

* CO & UNIT NO BIA, INC. EACH EXECUTED 1 BILLION PESOS, 5-YEAR TERM LOAN AGREEMENT

* PROCEEDS WILL BE USED TO REFINANCE CO’S EXISTING SHORT-TERM LOANS TO MITIGATE FINANCING COSTS Source text for Eikon: Further company coverage: