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                    [Title] => Steniel creditors agree to loan restructuring
                    [Summary] => The major creditor banks of listed packaging firm Steniel Manufacturing Corp. have agreed to a restructuring of the company’s existing loans by way of lower amortization and the extension of the principal payment period.


The company informed the Philippine Stock Exchange (PSE) that it has struck an agreement with the banking consortium made up of Metrobank, Chinatrust Phils. and BPI-Family Savings Bank to amend omnibus loan agreement dated Nov. 10, 2000.


                    [DatePublished] => 2003-02-11 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
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                    [ArticleID] => 179139
                    [Title] => Steniel to restructure P851.5-million loans
                    [Summary] => Publicly-listed packaging firm Steniel Manufacturing Corp. is negotiating with its creditor banks for the restructuring of about P851.5 million in loans ahead of the Oct. 10, 2002 deadline for its payment, a company official told the Philippine Stock Exchange.


Steniel’s corporate information officer Nicanor Juan Montoya said the company received a notice of default last Sept. 30 declaring the entire amount due and payable on or before Oct. 10, as stipulated in the Nov. 10, 2000 omnibus agreement entered with the various lender banks.


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                    [ArticleID] => 98713
                    [Title] => Metro Pacific sells Steniel for P425.5 M
                    [Summary] => Metro Pacific Corp., the local unit of Hong Kong’s First Pacific Co. Ltd., has sold its publicly-listed packaging subsidiary Steniel Manufacturing Corp. to regional investment firm CVC Asia Pacific Ltd. for P425.5 million.


"The sale of Steniel is a further step towards MPC achieving its objective of becoming a premier property and real estate development company," MPC president and CEO Ricardo Pascua said.


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CAPITAL PARTNERS ASIA PACIFIC LTD

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                    [ArticleID] => 194955
                    [Title] => Steniel creditors agree to loan restructuring
                    [Summary] => The major creditor banks of listed packaging firm Steniel Manufacturing Corp. have agreed to a restructuring of the company’s existing loans by way of lower amortization and the extension of the principal payment period.


The company informed the Philippine Stock Exchange (PSE) that it has struck an agreement with the banking consortium made up of Metrobank, Chinatrust Phils. and BPI-Family Savings Bank to amend omnibus loan agreement dated Nov. 10, 2000.


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                    [ArticleID] => 179139
                    [Title] => Steniel to restructure P851.5-million loans
                    [Summary] => Publicly-listed packaging firm Steniel Manufacturing Corp. is negotiating with its creditor banks for the restructuring of about P851.5 million in loans ahead of the Oct. 10, 2002 deadline for its payment, a company official told the Philippine Stock Exchange.


Steniel’s corporate information officer Nicanor Juan Montoya said the company received a notice of default last Sept. 30 declaring the entire amount due and payable on or before Oct. 10, as stipulated in the Nov. 10, 2000 omnibus agreement entered with the various lender banks.


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                    [ArticleID] => 98713
                    [Title] => Metro Pacific sells Steniel for P425.5 M
                    [Summary] => Metro Pacific Corp., the local unit of Hong Kong’s First Pacific Co. Ltd., has sold its publicly-listed packaging subsidiary Steniel Manufacturing Corp. to regional investment firm CVC Asia Pacific Ltd. for P425.5 million.


"The sale of Steniel is a further step towards MPC achieving its objective of becoming a premier property and real estate development company," MPC president and CEO Ricardo Pascua said.


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abtest

Steniel creditors agree to loan restructuring

By Christina Mendez | February 11, 2003 - 12:00am

The major creditor banks of listed packaging firm Steniel Manufacturing Corp. have agreed to a restructuring of the company’s existing loans by way of lower amortization and the extension of the principal payment...

Business

Steniel to restructure P851.5-million loans

By Christina Mendez | October 9, 2002 - 12:00am

Publicly-listed packaging firm Steniel Manufacturing Corp. is negotiating with its creditor banks for the restructuring of about P851.5 million in loans ahead of the Oct. 10, 2002 deadline for its payment, a company...

Business

Metro Pacific sells Steniel for P425.5 M

November 1, 2000 - 12:00am

Metro Pacific Corp., the local unit of Hong Kong’s First Pacific Co. Ltd., has sold its publicly-listed packaging subsidiary Steniel Manufacturing Corp. to regional investment firm CVC Asia Pacific Ltd. for...

Business