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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 352963 [Title] => Mirant to draw down $735-M loan to finance recapitalization [Summary] => US-based Mirant Corp. is set to drawdown today a $735-million term-loan to finance its recapitalization prog-ram prior to the divestment of its generation portfolio in the Philippines.
The loan, backed by Mirant Philippines Pagbilao asset, was arranged by Credit Suisse which is also the power firms advisor for the sale of Mirant assets in the Philippines.
Mirant announced last month that it will sell all of its remaining assets in the country as part of its strategy to restructure its finances.
[DatePublished] => 2006-08-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 347247 [Title] => Local Mirant unit prepares for smooth transition [Summary] => Mirant Philippines Corp., the local subsidiary of Atlanta-based Mirant Corp., said it will continue to operate normally as it remains committed to its employees and the communities it serves.
"We look forward to a smooth and orderly transition, in close coordination with the relevant government agencies until after our auction process is completed," Mirant Philippines chairman and president Jose Leviste Jr. said yesterday.
[DatePublished] => 2006-07-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
CHINA LIGHT
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 352963 [Title] => Mirant to draw down $735-M loan to finance recapitalization [Summary] => US-based Mirant Corp. is set to drawdown today a $735-million term-loan to finance its recapitalization prog-ram prior to the divestment of its generation portfolio in the Philippines.
The loan, backed by Mirant Philippines Pagbilao asset, was arranged by Credit Suisse which is also the power firms advisor for the sale of Mirant assets in the Philippines.
Mirant announced last month that it will sell all of its remaining assets in the country as part of its strategy to restructure its finances.
[DatePublished] => 2006-08-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 347247 [Title] => Local Mirant unit prepares for smooth transition [Summary] => Mirant Philippines Corp., the local subsidiary of Atlanta-based Mirant Corp., said it will continue to operate normally as it remains committed to its employees and the communities it serves.
"We look forward to a smooth and orderly transition, in close coordination with the relevant government agencies until after our auction process is completed," Mirant Philippines chairman and president Jose Leviste Jr. said yesterday.
[DatePublished] => 2006-07-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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By Donnabelle L. Gatdula | August 15, 2006 - 12:00am
By Donnabelle L. Gatdula | July 14, 2006 - 12:00am
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