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Thursday, March 6, 2014

ABS-CBN SECURES P1.65B LOAN WITH SECURITY BANK TO REFINANCE EXISTING DEBTS!

MANILA, Philippines - ABS-CBN Corp. sealed a loan package worth P1.65 billion with Security Banking Corp. to refinance existing obligations.

In a disclosure to the stock exchange, ABS-CBN chief information officer Eulogio Masilungan said the multimedia giant has obtained a four-year term loan of P1.65 billion from Security Bank.


The loan's interest rate is 4.25% per annum.

Last January 30, the company's board of directors approved the refinancing of its outstanding obligations under an existing P1.65 billion loan with Security Bank through a four-year term.

Earlier, ABS-CBN raised P6 billion from the sale of seven- and 10-year fixed rate bonds. Proceeds would be used to finance ABS-CBN's P10 billion capital expenditure program over the next five years.

14 comments:

Anonymous said...

sabi ang laki ng kinikita nla bkit nangungutang?

Anonymous said...

Obviously, the above commented doesn't know much about corporate financing. His/her knowledge is limited to how a peasant would typically construe "borrowing". Stupid, ignorant, pitiful peasant.

BTW, not a fan of both stations. I am just doing research on the local TV landscape. It's just so amusing reading so many stupid commenters harking much about "utang" as something pejorative or inherently bad. Why will a stable corporation use equity or asset if it can leverage on financing, especially if its expected revenue growth can cover the interest payments?

Utang is not bad. Utang can be good, BUT only if it is used to make more profits and indeed if the expected profits are achieved.

Kaya so many people in the Philippines are poor because much of the population has such poor financial literacy.

The above commenter is one such shining example of a financially illiterate peasant. Peasant.

Anonymous said...

for expansion yan. ang gma alang expansion kaya d umuutang

Anonymous said...

umutang para pambayad sa utang. LOL

LubogGME said...

^

At least ang ABS-CBN may KAKAYAHANG MAGBAYAD. Eh ang GME? Hindi makautang dahil WALANG KAKAYAHANG MAGBAYAD dahil LUBOG, LUGMOK at BANKRUPT na ang GME mo. bwahahahahaha

Anonymous said...

You need to study Finance before commenting because you don't know what you are talking about.

Anonymous said...

My thoughts exactly

Anonymous said...

No bank will provide loan to any company if it knows that the latter does not have the capacity to pay.

To the stupid and illiterate commenter, I suggest you read Finance and research on what provident loan is.

Anonymous said...

if ABS has already obtained a previous loan, then what is the purpose of another loan? wg na magpalusot na ang utang can be good dahil LOGICALLY, ang daming tao nalulubog sa kakautang.. hindi healthy yan kung nung year 2000 pa ang outstanding loan ng ABS at gang ngaun d pa nababayaran.. they have to maintain an image na nakakabayad sila when in reality / truth HINDI NAMAN PALA.. hahaha

rhainniel cadosales said...
This comment has been removed by the author.
Anonymous said...

Paranu mo nmn kaya nalaman n walang pambayad ang gma aber.may loan o utang ang abs s security bank n 1.65 billion isali p ang 1 billion n utang s philan ulol k b n expansion un bulag k kc kaya puro positiv ang nakikita u s abs.minsan mas maigi ang mating fair kesa bulag at bingi n tulad mo

Anonymous said...

Both abs or gma isama p ang tv5 can pay or utang.mga cra pinag aawayan ang tv network watch nyo n LNG both mga tv shows nila para tau benifited.mas masaya

Anonymous said...

Kabobohan mga ebaks.... Ano uutang pambayad sa utang. Palubog na talaga ang Ebaks

Anonymous said...

Ang GMA binenta na. bwahahahahaha

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