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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.


                    [DatePublished] => 2002-10-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
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NICANOR JUAN MONTOYA

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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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abtest

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