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                    [ArticleID] => 100298
                    [Title] => Mabuhay Satellite debt restructuring program hits snag
                    [Summary] => 

The P6-billion debt restructuring program which Mabuhay Philippines Satellite
Corp. is working out with its creditor banks again hit a snag as both parties
failed to agree on details of the transactions.

Mabuhay president Gabriel Pimentel said yesterday that the main source of
conflict lies in the interest rates on the firm's unpaid obligation. He did not
provide specific figures.

"There are still a number of issues being discussed. Primarily, we cannot agree
on the interest rates . . .
                    [DatePublished] => 2000-03-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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)

OMNIBUS CREDIT AND SECURITY AGREEMENT

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                    [ArticleID] => 100298
                    [Title] => Mabuhay Satellite debt restructuring program hits snag
                    [Summary] => 

The P6-billion debt restructuring program which Mabuhay Philippines Satellite
Corp. is working out with its creditor banks again hit a snag as both parties
failed to agree on details of the transactions.

Mabuhay president Gabriel Pimentel said yesterday that the main source of
conflict lies in the interest rates on the firm's unpaid obligation. He did not
provide specific figures.

"There are still a number of issues being discussed. Primarily, we cannot agree
on the interest rates . . .
                    [DatePublished] => 2000-03-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Mabuhay Satellite debt restructuring program hits snag

March 25, 2000 - 12:00am

The P6-billion debt restructuring program which Mabuhay Philippines Satellite Corp. is working out with its creditor banks again hit a snag as both parties failed to agree on details of the transactions. Mabuhay...

Business