ABS-CBN Signs P10 Billion Syndicated Term Loan Agreement
Bank of the Philippine Islands, Banco de Oro , Security Bank, Insular Life, Allied Bank and AlliedBank Savings, and PNB and PNB Life funded the loan.
The loan agreement was signed by President & COO Ma. Rosario Santos-Concio and Chief Finance Officer Rolando P. Valdueza for ABS-CBN. In his closing remarks, Mr. Valdueza thanked the participating lenders for their continuing confidence in ABS-CBN, and for their support of the Company’s business and financial prospects. “The oversubscribed order book for our debt refinancing and new debt is a clear manifestation of how our partnership has grown over the years,” he said.
Of the P10 billion total loan amount, P6.6 billion will go toward refinancing existing debt, while the remainder of P3.4 billion in new debt will help fuel the Company’s continuing growth. The new debt is intended for planned capital expenditures in digital terrestrial TV infrastructure and the continuing expansion requirements for cable TV and other services.
The loan was structured as an unsecured and unsubordinated bullet and partly amortizing loan maturing in 2017, priced at a 65 basis points spread over the 7-year PDST-F benchmark for the fixed rate portion of the loan, and over the 3-month PDST-F for the floating rate portion. Consequently, ABS-CBN’s effective interest cost on all its interest-bearing debt goes down by about two percentage points, from which the Company expects to generate savings in annual interest expenses of about P92 million. Apart from the savings that will be generated, the new loan agreement also incorporates more relaxed covenants.
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.
GMA nagpatayo ng building on a cash basis dahil no. 1 sa MEGA MANILA!
ABS nangutang na naman ng 10B for improvement dahil no. 1 daw nationwide!
see the logic kung anong network talaga ang TOTOONG kumikita!
GMA d best!proud to be KAPUSO!
mga engot talaga kapuso….kapag may kakayahan na mag loan ng ganyam ibig sabihin tiwala ang mga kompanya sa asset nila…..kahit SM ni henry sy eh may loan din…..ang gma wala magpautang kaya tiyaga na lang sa equipment na kaya nila:-)
it’s a big threat actually to gma 7… i will not be surprised kung biglang mangutang ang gma 7 sa mga bangko… they should know the plan of abs-cbn, that i year 2013 the TV will be in digital… a big goodluck to GMA7
ay nako ang tanga tanga tanga tanga tanga talaga ng mga kapuso.. pwedi ba basahin nyo muna ung article… ang hirap sa inyo d kayo nag babasa or should i say binasa nyo pero di nyo maintindihan… it’s a good news actually, because in 2013 digital na ang TV sa pilipinas bka magulat kayo wala na kayong artista sa 2013 dahil lumipat na sa abs,..aha napag iwanan na tlga ang gma yuckkkkkk
hahaha. nakakatawa tlga mga kapuso nakbasa lang ng loan agreement malaki na dw utang. hahaha wat wud we expectfrom them nga nmn.
number 1 talaga ang abs sa palakihan ng utang haha… utang ng utang palaki ng palaki ang inuutang hindi na makabayad uutang na naman magsara na lang kayo lagot kayo kay tito goson ipapahiya na naman kayo nun sa national television haha iyak na naman ang kupamilya. number 1 utangero ng pilipinas
bobo tlaga mga kapuso, lahat ng top corporation may utang, ginagamit ito para sa company expansion, in the long run mas makakatulong ito sa paglaki ng company, wag nga kayo talak ng talak kung di kaya ng utak nyo
Palabhasa walang mga alam sa business at mga nde pa nkakapasok sa pinakmagulo pero pinakamagandang mundo ng CORPORATION>
sa bagay ang GMA ay niyayakap ng mga lower class ng economic echelon, in short, mga CHEAP
Sus tong mga kapamilya na ito ang dami pang sinasabi kesyo pinagkakatiwalaan ng mga malalaking bangko ang ABS at at ang GMA hindi nila kayang mangutang ng ganyan kalaki. Kahit ano pang sabihin nyo wala ng pera ang ABS, at ang GMA hindi nila kayang mangutang kasi may pera sila…wag nga kayong magpakaimpokrito!
Kahit ano pang sabihin niyo mga kapalmilyucks…UTANG pa rin yan!
May mega explanation ba ang iba diyan…UTANG pa rin yan!
Kesyo trusted name in the business…UTANG pa rin yan!
YUN NA! ALAM NA! UTANG!
If you’ve noticed, most banks in the Philippines trust ABS to borrow money from them. This means that ABS-CBN is stable and continuously progressed in the media industry.They just need more capital to further improve its services. It’s not because they are losing, they just need to improve more the company’s facilities, services and so forth. Like any other company does. That is all about doing BUSINESS.
If you’ve noticed, most banks in the Philippines trust ABS to borrow money from them. This means that ABS-CBN is stable and continuously progressed in the media industry.They just need more capital to further improve its services. It’s not because they are losing, they just need to improve more the company’s facilities, services and so forth. Like any other company does. That is all about doing BUSINESS.
If you’ve noticed, most banks in the Philippines trust ABS to borrow money them. This means that ABS-CBN is table, and continuously progressed in media industry.They just need more capital to further improve its services. It’s not because they are losing, they just need to improve more the company’s facilities, services and so forth. Like any other company does. That is all about doing BUSINESS.
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NANGUTANG NA NAMAN ANG EBAKS Says:
October 30th, 2010 at 3:49 pm
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TV Patrol magrereformat na naman sabay palit ng hosts dahil natatalo na ng TV5 bilang No. 2 station…. … [Open ↓]
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TV Patrol magrereformat na naman sabay palit ng hosts dahil natatalo na ng TV5 bilang No. 2 station.
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Tanungin mo ang TV5 kung sino ang itsinitsismis nilang No.3? Sabi nila, few weeks ago ay nag No.1 ang TV5 sa weekend, No.2 daw ang ABS at No.3 ang GMA. Ha ha ha ha
ayan puro utang!! juice ko po…saan na!!
puro utang,, juice ko po…!saan na!!!
basahin ninyo mabuti article,maraming pag-gagamitan ang pera,di porke humiram eh baon na sa utang excuse lang ,ang gma nag-bibilang ng kita,so ito ay maliwanag na mayabang network.
wow! galing tlga ng abs-cbn pinagkakatiwalaan! abs-cbn is planing for a bigger and brighter ideas in 5 yrs 4 sure kahilira na ng abs-cbn ang universal studios pang hollywood! thanks abs-cbn kapamilya abs-cbn 1st in innovationt largest network in d philippines! kya nga abs-cbn lagi nauuna tfc 1993, cable, regional networks, starcinema galing!!
wow! abs-cbn is on expanding! iba tlga pinagkakatiwalaan galing ng abs-cbn 1st in innovation largest network in d phillipines abs-cb is planning for extraordinary studios and more hightech technology for us kapamilya viewers! in 5 yrs! abs-cbn pang hollywood na! abs-cbn is making 1st in history of d phillipine network industry! thanks abs-cbn kapamilya! sa mga kanguso jan wala kau alam kya manood nlang kau ng telebabad nyo hahaha.. trying hard!
Nakakahiya na ang pagbagsak ng ABS, nangutang para pambayad sa utang wahahaha! Congrats GMA no.1 pa rin!
Tanga naman ng mga Kapuso, halatang mga makitid utak, di maintindihan ung article! Hahaha! Ang GMA di makautang ng ganyan xe walang kasiguraduhan na makakabayad!
halatang class d and e ang kapuso hindi nla alm ang ibg sbhin ng loan na ganito…hmmm.. la cla alam tungkol s business..hyaan nu na cla ang target nmn kz ng abscbn ay class a and b…bhala ang kapuso kng gnyan isip nla..heheh…so so lng kz.
di naman magpapapress release yan kung kahihiyan ang gagawin nila. malaking business po ito at siguradong may malaki silang gagawin.
nakakatawa naman tong mga kapupu ang hina ng mga utak!!! binasa nyo ba ang article? hahaha…napaghahalata yong kakayahan ng mga utak ng mga kangusong ito hahaha…ang babaw….
Good Luck sa DIGITAL TV Kapamilya hehehe im sure takot na naman ang GME7 dyan at gagaya sila…kung may magpapautang sa kanila hahaaa
HETO NA NAMAN ANG MGA KAPUSONG BOBO…. MEANING THE COMPANY HAS THE CAPABILITY TO PAY ALL EXISTING DEBTS. PINAGKAKATIWALAAN SILA NG MGA CREDITORS
! KAYA SIGURO WLANG UTANG ANG KAPUSO (BOBO) DAHIL AYAW SILANG PAUTANGIN.. COMMON SENSE BAKIT KA MAGPAPAGAWA NG BUILDING NA CASH? HELLO… MAS MARAMI PANG PWEDENG ILAAN SA CASH..HAY MAKAPAG COMMENT LANG ANG MGA KAPUSONG BOBO….
utang n para mabayaran ang dating utang???
a very traditional business approach…
kakatawa..
Ang EwwBS-CBN, di na mapigil ang pagbagsak haha, umutang na naman pambayad ng utang! GMA, debt-free and 8% growth income sa first 9 mos, galing haha!
Pinagkakatiwalaan daw ng bangko, isang malaking DUHHHHHHHHHHHH!!! puro excuses, puro denials, PATHETIC REASONS!
the word “UTANG” has never been and will never be a positive word…… mag-isip!
ang utang ay utang!
See the big logic!!!!!!!!!!!!!!!!!!!!
Una nga s nationwide, una din s utang!!! Tsugi p ang mga shows!!! Kaya ala budget s IDOL!!!!!!!!!!!!!Hahahaha!!!!!!!!!!
hindi ba sapat ang kinita ng abs(kung talagang kumita)para panggamit sa lalo pang ikagaganda ng network?
i dont want to argue to anybody esp kapamilya but kung ating susuriin hindi nga masamang mangutang kung kaya namang bayaran pero ang masakit utang pa rin yan. yan ang pinakaconclusion utang na dapat bayaran.meaning yung dating utang ng abs panibagong dagdag na naman .lugi na ba talaga ang abs for expansion ang sabi ,pero kung talagang kumita at may sapat na pera bakit kailangan pang mangutang muli,nasaan ang mga kinita sa ng abs kaunti lang ba kaya kailangan talagang mangutang!oo pinagkakatiwalaan ng mga bangko pero ang suma total nga panibagong utang pa rin yan,na ung dating utang mas nadadagdagan pa!
I’m a business major and loaning doesn’t necessarily mean that the corporation is insolvent.. Loaning is healthy for the business because of the tax privilege (loans payable are deductible in computing for income tax) and means of expansion. It also shows that the company is doing well financially because the banks are confident in giving out the loan to the corporation because it has a good repayment capacity. walang malaking corporation ang hindi nangungutang! ang GMA may utang din! so sa mga kapuso na walang alam sa business management, maaaring tumahimik na lang at huwag magdunung-dunongan!
GMA Network Inc. posted a 26% drop in profit in the third quarter of the year from a year ago, ff. a decline in air time revenues with the absence of political ads that boosted earnings in the same period last year. The company on Thursday announced that profit dropped to P583M in july to September of 2010 from P788M in the same quarter last year.
wow… loan for 10B!!
meaning they had created a good trust with these banks.. for those who cant understand… well maybe you have a low IQ hahaha
AKO ANG PINAKA UNA SIRA ULO TALAGA PAG KAPAMILYA.
bad news para sa mga kapams in denial sila at nagbubbulagan
you cant deny na lugi ang abs kaya nangugutang
bad news para sa mga kapams in denial sila at nagbubbulagan
you cant deny na lugi ang abs kaya nangugutang
pati si willie dinamay para may makuha na pera sa kanya
obviously, hindi nanaman nagiisip yung mga naninira sa abs cbn.. mag-aral na lang kayo..para next time hindi kayo mapahiya sa pinagsasabi niyo.. alam kong hindi niyo naman naintindihan etong article na to.. haha..
Amerika po pinaka maraming utang sa buong mundo pero sila parin ang pinkamayaman at makapngyarihan. Hindi porke may utang ka ay bagsak kana. In fact, Germany, Japan, at UK ay isa rin sa mga pinkamaraming utang sa mundo pero sila din ay mayayamang na bansa. Kailangan ang utang para sa ikakaunlad ng bansa. Sa kaso naman ng ABS-CBN for the Company’s growth.
yan ang abs cbn pinag kakatiwalaan !
GMA 7 profit down by 26% in Q3
By Paolo Montecillo
Philippine Daily Inquirer
First Posted 22:29:00 10/28/2010
Filed Under: Media, Economy and Business and Finance
GMA NETWORK Inc. posted a 26-percent drop in profit in the third quarter of the year from a year ago, following the decline in air time revenues with the absence of political advertisements that boosted earnings in the same period last year.
The company on Thursday announced that profit dropped to P583 million in July to September of 2010 from P788 million in the same quarter last year.
Gross revenue slipped by 10 percent to P3.3 billion as a result of a 12-percent decline in air time revenue, which made the bulk of the total.
Officials said the company’s dismal third quarter performance was reflective of the lack of election campaign-related advertisements, which boosted sales in 2009.
“To be perfectly honest, the third quarter was a disappointment but not a very big one,” GMA chair and CEO Felipe Gozon said in a briefing.
Gozon explained the company also had to raise its ad rates earlier in the year, which scared some big advertisers away temporarily.
“As you know, human nature will resist even a reasonable substantial price increase because they used to buying our Mercedes cars for the price of a Honda,” Gozon said.
Before raising its rates, Gozon said GMA had been earning just as much as its rival ABS-CBN, despite being able to sell tens of thousands of minutes more.
One advertiser, in particular, even boycotted the company for as long as three months due to the hike in rates. But that advertiser, the identity of which GMA was not at liberty to disclose, has come back and was now buying 80 percent more minutes than it used to before its boycott.
Despite the decline in the third quarter, the company said it was still on track to meeting or even exceeding its full-year income growth target P3 billion from P2.15 billion in 2009.
Hindi alam ang pinagsasabe. Bukang bibig lang ay “utang.”
Tingnan nyo nga GMA nyo 55 years na ba? e bat hanggang ngayon hindi pa rin maungusan ABS-CBN sa total revenue.
Kaya ang ABS-CBN the country’s largest multimedia conglomerate kase halos wala pa nga sa kalahate ang revenue nyo.
gagong kanguso! nagloloan kasi nag eexpand. meron ka ba namang 30 companies na pag-aari kumpara sa 3 na pag-aari ng GMA! mangutang man ang ABS-CBN may pambabayad kasi kumikita sila. basahin niyo ito KANGUSONG TUTUNG:
GMA 7 profit down by 26% in 3rd Quarter of 2010 – Number 1 daw at most profitable, bagsak naman ang airtime rates! FAKE KASI ANG RATINGS KAYA NILALAYASAN NG MGA ADVERTISERS!
Bobo kanguso walang alam tungkol sa business
Hindi alam ang pinagsasabe. Bukang bibig lang ay “utang.”
Tingnan nyo nga GMA nyo 55 years na ba? e bat hanggang ngayon hindi pa rin maungusan ABS-CBN sa total revenue.
Kaya ang ABS-CBN the country’s largest multimedia conglomerate kase halos wala pa nga sa kalahate ang revenue nyo.
Bobo talaga mga kanguso pagdating sa Buisness
ikaw b ang magbabayad nyan?affected?ang problemahin mo ang pagdausdus ng kita nyo.
Bobo talaga mga kanguso pagdating sa Buisness
Hindi alam ang pinagsasabe. Bukang bibig lang ay “utang.”
Tingnan nyo nga GMA nyo 55 years na ba? e bat hanggang ngayon hindi pa rin maungusan ABS-CBN sa total revenue.
Kaya ang ABS-CBN the country’s largest multimedia conglomerate kase halos wala pa nga sa kalahate ang revenue nyo.
naku!!!proud pa sila kung mangutang…..ganyan na ba talaga kakapal nang mga mukha niyo…kahit nangungutang …pinagmamalaki pa…tsktsk…nakautang nga…pinambabayad naman sa dating utang…sa bagay..atleast..wala na yung lumang utang…bago na naman…waaawaaa
may iba nagtanong kung makautang ba ang GMA nang ganyang kalaki?…eh ang tanong…bat naman sila mangungutang?…ang laki nang kita..mangungutang pa sila….waaaaa