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                    [ArticleID] => 270544
                    [Title] => GMA Network Inc. prepays P1.9-B loan, is now debt-free
                    [Summary] => GMA Network Inc., the country’s second biggest broadcasting network, is now debt-free after it prepaid a P1.9-billion five-year term loan, nine months ahead of the scheduled due date.


In a statement, GMA said the loan was paid using internally-generated funds. The network settled more than P543 million in principal and interest last Feb. 28.


The loan, drawn in 2000, was used to upgrade GMA’s facilities and infrastructure and improve its production capabilities.


                    [DatePublished] => 2005-03-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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GOZON-DUAVIT

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                    [ArticleID] => 270544
                    [Title] => GMA Network Inc. prepays P1.9-B loan, is now debt-free
                    [Summary] => GMA Network Inc., the country’s second biggest broadcasting network, is now debt-free after it prepaid a P1.9-billion five-year term loan, nine months ahead of the scheduled due date.


In a statement, GMA said the loan was paid using internally-generated funds. The network settled more than P543 million in principal and interest last Feb. 28.


The loan, drawn in 2000, was used to upgrade GMA’s facilities and infrastructure and improve its production capabilities.


                    [DatePublished] => 2005-03-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

GMA Network Inc. prepays P1.9-B loan, is now debt-free

By Zinnia B. Dela Peña | March 16, 2005 - 12:00am

GMA Network Inc., the country’s second biggest broadcasting network, is now debt-free after it prepaid a P1.9-billion five-year term loan, nine months ahead of the scheduled due date. In a statement, GMA said...

Business