Philippines' Jollibee signs $90 miln of loan deals

MANILA, April 12 (Reuters) - Jollibee Foods Corp , the Philippines' largest fast-food company, said on Tuesday it had signed loan agreements with the Bank of Tokyo-Mitsubishi UFJ Ltd and Citibank NA to raise a total of 3.9 billion pesos ($90 million).

The new loans will bring total group debt to 8.1 billion pesos, and will be used for capital expenditure and foreign acquisitions, Jollibee told the stock exchange.

Jollibee said it had a 900 million peso loan from the Bank of Tokyo-Mitsubishi, to be paid one year from drawdown at a fixed interest rate.

Jollibee Worldwide Pte Ltd, a wholly owned unit, signed loan deals with Citibank NA for $40 million and Bank of Tokyo-Mitsubishi (Singapore Branch) for $30 million, both payable in three years at fixed interest rates.

The company said a portion of the proceeds will be used to open new stores, renovate existing ones, construct a logistics facility in Manila and a commissary in Shucheng County in Anhui Province in China.

($1 = 43.00 pesos) (Reporting by Erik dela Cruz)