+ Follow BHC Tag
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[ArticleID] => 178361
[Title] => Benpres defaults anew on interest payment on LTCPs
[Summary] => Benpres Holdings Corp. (BHC) said yesterday it failed anew to pay on schedule the interest payment for its long-term commercial papers (LTCPs).
The Lopez-owned holding company, the parent firm of ABS-CBN Broadcasting Corp., First Philippine Holdings, Meralco and BayanTel, among others, said it defaulted on the interest payment for its LTCPs yesterday, the fourth time it did so this year.
Since it announced a Balance Sheet Management Plan to address its heavy debt exposure, BHC has failed to make interest payments for the LTCPs last June 17, July 1 and Sept. 17.
[DatePublished] => 2002-10-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
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[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[1] => Array
(
[ArticleID] => 176580
[Title] => Benpres defaults anew on interest payment
[Summary] => The Lopez-owned Benpres Holdings Corp. again defaulted on the interest payment for its long term debts, the fourth time the company has failed to do so this year.
In a letter to the Philippine Stock Exchange, BHC corporate information officer Alexis Paul Dimarucot said the holding firm was not able to make its interest payment last Sept. 17 on the remaining long-term commercial papers (LTCPs) maturing in 2003.
[DatePublished] => 2002-09-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 163447
[Title] => Benpres to dispose of $200-M assets to repay debts
[Summary] => The Lopez-owned Benpres Holdings Corp. (BHC) plans to dispose of about $200-million worth of assets in a bid to raise much-needed funds to pay off its maturing loans this year, company officials said.
[DatePublished] => 2002-06-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 161032
[Title] => Benpres posts P2-M income in Q1
[Summary] => Benpres Holdings Corp. (BHC) posted higher revenues in the first quarter of 2002, but its earnings level barely broke even with a mere P2 million net income during the period as costs and expenses ballooned and its subsidiaries reported lower profits.
[DatePublished] => 2002-05-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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BHC
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[results] => Array
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[0] => Array
(
[ArticleID] => 178361
[Title] => Benpres defaults anew on interest payment on LTCPs
[Summary] => Benpres Holdings Corp. (BHC) said yesterday it failed anew to pay on schedule the interest payment for its long-term commercial papers (LTCPs).
The Lopez-owned holding company, the parent firm of ABS-CBN Broadcasting Corp., First Philippine Holdings, Meralco and BayanTel, among others, said it defaulted on the interest payment for its LTCPs yesterday, the fourth time it did so this year.
Since it announced a Balance Sheet Management Plan to address its heavy debt exposure, BHC has failed to make interest payments for the LTCPs last June 17, July 1 and Sept. 17.
[DatePublished] => 2002-10-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 176580
[Title] => Benpres defaults anew on interest payment
[Summary] => The Lopez-owned Benpres Holdings Corp. again defaulted on the interest payment for its long term debts, the fourth time the company has failed to do so this year.
In a letter to the Philippine Stock Exchange, BHC corporate information officer Alexis Paul Dimarucot said the holding firm was not able to make its interest payment last Sept. 17 on the remaining long-term commercial papers (LTCPs) maturing in 2003.
[DatePublished] => 2002-09-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 163447
[Title] => Benpres to dispose of $200-M assets to repay debts
[Summary] => The Lopez-owned Benpres Holdings Corp. (BHC) plans to dispose of about $200-million worth of assets in a bid to raise much-needed funds to pay off its maturing loans this year, company officials said.
[DatePublished] => 2002-06-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 161032
[Title] => Benpres posts P2-M income in Q1
[Summary] => Benpres Holdings Corp. (BHC) posted higher revenues in the first quarter of 2002, but its earnings level barely broke even with a mere P2 million net income during the period as costs and expenses ballooned and its subsidiaries reported lower profits.
[DatePublished] => 2002-05-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
October 3, 2002 - 12:00am
