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Friday, October 29, 2010

ABS-CBN CORPORATION LOANS P10B TO FINANCE EXPANSION AND PAY EXISTING DEBTS!

MANILA, Philippines - Multimedia giant ABS-CBN Corporation signed a 7-year P10 billion syndicated term loan agreement with 8 banks to refinance existing loans and fund expansion plans.

In a statement on Friday, ABS-CBN said that bulk, or P6.6 billion of the entire loan, will be used for debt fefinancing, while P3.4 billion will fund capital expenditures in digital terrestrial TV infrastructure and the continuing expansion requirements for cable TV, among others.


It added that it is "taking advantafe of prevailing low interest rates and its stronger financial performance in recent years."

The country's largest multimedia conglomerate will save about P92 million in interest expenses as the new loan, which has a fixed rate and floating rate portions, was priced at 65 basis points over the 7-year PDST-F benchmark and the 3-month PDST-F, respectively.

The consortium of banks -- Bank of the Philippine Islands, Banco de Oro , Security Bank, Insular Life, Allied Bank and AlliedBank Savings, and PNB and PNB Life -- structured the loan as an unsecured and unsubordinated bullet and partly amortizing. It matures in 2017.

BPI Capital Corporation acted as Lead Arranger and Sole Book-runner for the transaction. BDO Capital and Security Bank acted as loan arrangers, while PNB Capital and Insular Life were co-arrangers. BPI's Asset Management and Trust Group will serve as the loan's facility agent.

The loan was signed by ABS-CBN president and chief operating officer Ma. Rosario Santos-Concio and chief finance officer Rolando P. Valdueza.

"The oversubscribed order book for our debt refinancing and new debt is a clear manifestation of how our partnership has grown over the years," Valdueza said.

abs-cbnnews.com

139 comments:

Anonymous said...

HAHAHA utang nanaman!!!!

ilovenetworkwar_lets_kill_urselves! said...

I think this utang is due becos of digitalization and maintanance, remember by 2013 dapat ay digital na silang lahat...

ok lang yan, may utang din mana ang gma7 di alng nila pinagkakalat...
mas lalo na ang tv5 due to expansion daw nila....

rpn9 (solar ?) mas malaki ang utang nito at mag babankrupt na, ung ibc 13 naman ibebenta na....

Anonymous said...

utak skwater kasi mga ibang nagcocomment dito
dapat pag finance matters, hindi na masyado nagcocomment, kasi most of us hindi naman familiar kung pano ang processo nito.. =)



pero ang malinaw, kahit saang sari-sari store... HINDI KA PAPATUTANGIN kung WALANG TIWALA ANG TINDAHAN sayo dahil wala kang pambayad.. =)

Anonymous said...

ang bottom line nito! may utang ang ABS-CBN!!! hahaha utang utang utang!!!

Anonymous said...

^
^
^
may pambayad naman :P
nakatulong ba ang rating sa profit ng gma7? HINDE

Anonymous said...

yang si gozon, pinapalabas lang na nagtaas sila ng ad rates kaya bumaba ang profit nila!

ayaw pa nya aminin na nabawasan talaga ang advertisers na nagpeplace ng commercials sa kanila kahit pa todo praise release sila ng AGB ratings!

IN YOUR FACE :P

Anonymous said...

oh please, parang naman wala kayong utang. I bet you may utang kayo na 1000 sa tindahan.

Dandrev said...

ok lang 'yan... at least ngayon alam nating meron pa ring nag papa utang sa ABS-CBN... and isa pa P10 B inutang nila.. hehhe

Anonymous said...

ay sus mga kapamzzzzzzzzzzz naman.......bottomline naman kasi sa mga debatehan natin kahit saan mang panig ng pilipinas,,palagi niyong pinagmamalaki na mayaman ang istasyon nyo,,sosyal daw...yun pala utang ng utang..aba..sosyal climber ang tawag nyan mga kapamzzzzzzzzzzz...bwhaaaaaaa

Anonymous said...

im sure tataas na naman ang singil ng meralco nyan............

Anonymous said...

parang kasamahan ko sa trabaho,,uutang para ipangbayad din sa utang....lolsssssssssss

Anonymous said...

meralco?? ano coonection ng meralco dito?? ang tagal na bininta ng lopez ang share sa meralco.. pls read newspapers.. wag kau babasa ng tabloid para magkaroon ng laman utak nyo

Anonymous said...

yes.. digital an abscbn.. kailan kaya gma7??

Anonymous said...

Anonymous Anonymous said...

im sure tataas na naman ang singil ng meralco nyan............

-----
puro kasi pakinig mo kay Mike Enriquez! tanga ka ba?
si MANNY PANGILINAN na ang may control ng MERALCO!

Anonymous said...

aw bininta na pala ang meralco

Anonymous said...

mga kapuso talaga .. walng alam kung ano nangyari sa meralco... mga kapuso,, itigil nyo pagbabasa ng tabloids ha... wala na kasi laman maga utak nyo

Anonymous said...

mga kapuso talaga .. walng alam kung ano nangyari sa meralco... mga kapuso,, itigil nyo pagbabasa ng tabloids ha... wala na kasi laman maga utak nyo

Anonymous said...

people ratings + praise release ng gma7= net income down 30%
hahahahahahahahahahah
yan ang nangyari sa manloloko.. numbe 1 daw.. walang naniniwala na advertisers

ZdC said...

Suggested Schedule for ABS-CBN:

Weekdays
04:45 am DZMM Gising Pilipinas
05:00 am DZMM Kabayan
05:10 am Kape’t Pandesal
05:15 am Umagang Kay Ganda

08:15 am Dora the Explorer
08:45 am The Adventures of Jimmy Neutron
09:15 am Spongebob Squarepants

09:45 am Banana Split Daily Servings
10:15 am Showtime
12:30 pm Pilipinas Win na Win

03:00 pm Juanita Banana
03:35 pm Precious Hearts Romances Presents: Alyna
04:10 pm Kapamilya Blockbusters
05:30 pm Down with Love

06:05 pm Kokey @ Ako
06:40 pm TV Patrol
08:00 pm Noah
08:35 pm Mara Clara
09:10 pm Imortal
09:45 pm Magkaribal
10:20 pm Precious Hearts Romances Presents: Kristine
10:55 pm Showbiz News Ngayon

11:30 pm Bandila
12:00 pm Monday XXX Exklusibong Explosibong Expose
Tuesday Patrol ng Pilipino
Wednesday Storyline
Thursday I Survived
Friday Scene of the Crime Operatives
12:45 am Mon-Thu Music Uplate Live
Friday Trip na Trip

Saturdays
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07:00 am Kabuhayang Swak na Swak

07:30 am The Adventures of Jimmy Neutron
08:00 am Avatar: The Legend of Aang
08:30 am Spongebob Squarepants
09:00 am Panahon Ko To’

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12:30 pm Pilipinas Win na Win

03:00 pm Entertainment Live
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06:45 pm Star Power: Sharon’s Search for A Pop Superstar
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10:00 pm M3: Malay Mo Ma-Develop
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11:15 pm The Bottom Line with Boy Abunda
12:00 am Sports Unlimited

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07:00 am Kabuhayang Swak na Swak
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09:00 am Panahon Ko To’
09:30 am Honey Watch Out

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Anonymous said...

gumaganda na ang story MARA CLARA''

THIS WILL SURE BE A BIG HIT...

Anonymous said...

Sus, ang point dito ay nangungutang na naman ang ABS, hindi yung kung merong nagpapautang.. at ang mangyayari pa ay ipambabayad lang pala sa nauna nilang utang. Diba't mayaman ang ABS? At malaki daw ang NI nila this year. Bakit hindi nila magastusan ang expansion nila ng hindi nangungutang? Mataas ang stock nila per share, pero bakit hindi makapagbigay ng dibidendo sa mga stockholders? Mayaman ang ABS pero bakit pwersahang nagtatanggal ng daang Empleyado at pwersahang contractual sa iba pa? Haistt...

ewwwbscbn said...

hahaha ito na nga sinasabi ko eh utang...hahaha pahiya si gmewww na naman nito..utang pambayad sa utang i like it!!!!ok lng down by 30% bsta walang inutang para pambayad ng utang..i like this site talaga.hahaha.satsat na naman itong mga mga kapalmucks.talagang ginagalit sila.sobrang galit na sila.nye nye nye asar olats

ewwwbscbn said...

mga kapalmucks,explain lng ng explain..sabi ng isa jan wala na daw advertiser naniniwala sa gma7,pero ito nakikita ko tv punong puno ng commercials.kahit mababa rate pero daming commercial eh.akala ko ba walang naniwala?hahaha boboness mga kapalmucks talaga.olats na tang pa..hahaha

ewwwbscbn said...

kakahiya itong press release na ito.mainit talaga ang panahon.hahaha.palabas nyo na ang mga starlets nyong nasa freezer para refreshing ang utak nyo.karma na iyan.until 2050 utang pa rin yan.hahaha.yan kasi eh sobrang lait nyo sa kapuso,kayo pala ang dapat laitin kasi ang liliit ng utak nyo..mga big stars ng abscbn maawa naman kayo sa kompanya nyo.tulungan nyo naman maka bayad sila.

Anonymous said...

may nagdudunung-dunungan sa finances dito ha.. Wag na kasi magmarunong..
Simple lang yan, kung alam ng bangko na wala kang kapasidad na kumita ng pera, hindi ka nila papautangin..

Ung mga nagmamagaling, sana wag dumating ang punto na mag car loan kayo or house loan, kasi dito pa lang pinaiiral nyo na katangahan nyo!
Ang logic dun, hindi mo ginasta ang cash mo ng isang bagsakan, nagagamit mo na din ang taxi para dagdag kita sayo.
Ang simple simple.. Bakit kailangan nila mang utang?? Pag kinuha ng abscbn ang 10billion from their profit, ubos na ang budget nila for next year. Parang ganito lang yan mga tanga, makinig kayo hau
kung kumikita ka buwan bwan, at gusto mo ng taxi, bakit mo babayaran ng cash? Kung pwede naman kunin ng installment, for 5yrs through loan.

Moron rivera said...

isa alng ang ibig sabihin nito.......pinagkakatiwalaan ang ABS CBN ng lahat ng bangko sa pilipinas... ang tanong ?ang GMA kaya saan kaya sila mang-utang para sa digitalization this 2013??????????? at ang sagot sa people ratings + praise release ng gma7= net income down 30%....hahhahahahaahahahahahah

Bumulosok nga!!! six feet below the ground ang net income ng mga kapussy

AGB-GMEwww PARTNERSHIP 4ever! said...

Proud to be KASUSO!

SAY ng advertisers kay Gozon at sa AGB People Ratings: A-S-A! Ungas!

FAKE RATINGS + PRAISE RELEASES = 3rd QTR NET INCOME DOWN BY 30%!

Bwahahaha IN YOUR FACE! :)

Anonymous said...

Hala..parang dto din sa US yan di ka bbgyan ng mataas na credit card or loan kung pangit ang credit score or credit history and credit report mu..pagtaas ng amount n pede mung utangin pag galing mu kasi maganda ang credit line mu...ang abscbn may kkayanan magbayad, and ang gnyang business hindi hagip ng utak ng mga so so lang kaya wag n magcomment kng walang alam kasi hindi porke sinabing utang eh negative na,lhat ng mataas na business may utang not the same sa utang sa kapitbahay nu..hehe..alam nila gnagawa nla kya manahimik na lang ok...

Anonymous said...

Putangabs aka ewwwbs-cbn,
Tagasunod lng tlaga ang gmeeww,khit ano p sbhin mo! qng d nangungutang ang abs, may tfc b n gnaya ng ptb? Kailangan tlagang mag-expand. Compare mo nman ang subscribers ng dalawa, super tanga n ang magsasabi n number1 ang ptb. Tsaka wag mong problemahin ang utang ng dos kc marami clang sources. Kya ndi cla nangingiming gumastos para mpaganda ang mga teleseryes kc binebenta ang rights ng mga ito abroad. Ang mga tf ng mga artista ndi barya-barya lang.
Pambili nga ng chopper wla kau eh, hehe. Nage-effort tlaga ang abs n mpaganda ang mga palabas nila ndi takot mangutang kc tiwala clang kikitain nila un.

ewwwbscbn said...

utang!hahaha

ewwwbscbn said...

utang!hahaha

ewwwbscbn said...

may galit na dito.galit ang mga puta.hahaha

Anonymous said...

So,bobo n lng nkaintindi,d b ewwwbs-cbn.hehe!ulit,BOBO!
hehe!

Anonymous said...

tanga ang nagsasabing Utang lng ng utang ang ABS. For your information, ABS-CBN is doing these things to improve quality TV viewing for every Filipino.Inggit lng ang mga taga gmewwww, kasi ang ABS may pambayad, eh sila ang kapusucks WALA. what a LOSER gme7. wag na magcomment about these financial issue kasi wala kayo alam taga gmewwwww.takot nga gumastos eh kaya ang mga show nila ang COCORNY. BADUY ang gma7... guilty ang magRE-REACT dito...blehhhhhhhhhhhhhhhh

Anonymous said...

maraming utang ang abscbn dahil...

maraming sister network like
studio 23
velvet
anc
myx
etc etc........

may sariling cable.....

high tech ang mga building...

eh sa gma- walang utang dahil iisa lang ang siter network at mga cheap pa.....

party supplies said...

Good advice,This article reinforces that concept with some practical advice which are really useful.

Anonymous said...

Hi Abs-cbn ang gandda ni Krissel sa star power para siyang c lara k gaman

Anonymous said...

ang ganda ni krissel ng star power pinay na pnay ang beauty, kamukha nya ci lara k gaman

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