Philippine Airlines Archives

Philippine Airlines Emerges from Chapter 11 with $2B in Balance Sheet Reductions

Philippine Airlines emerged from its voluntary Chapter 11 proceedings, completing its financial restructuring within four months. Philippine Airlines’ plan of reorganization provides for more than $2 billion in permanent balance sheet reductions from existing creditors.

U.S. Bankruptcy Court Approves Philippine Airlines’ Access to $505MM in DIP Financing

Philippine Airlines received approval on a final basis from the U.S. Bankruptcy Court for the Southern District of New York to access its debtor-in-possession financing totaling $505 million, a core feature of the flag carrier’s restructuring plan.

October 4, 2021 Gilbert F. Santa Maria | Nilo Thaddeus P. Rodriguez | Philippine Airlines Ian Koplin

Bankruptcy Court Approves Philippine Airlines to Access $20MM of DIP Facility

The United States Bankruptcy court approved all first day motions on an interim or final basis for Philippine Airlines’ voluntary restructuring, including approving access to the first $20 million of its debtor-in-possession financing totaling $505 million provided by Buona Sorte Holdings.

September 13, 2021 Buona Sorte Holdings | Philippine Airlines Ian Koplin

Cathay United Arranges $38MM Loan for Philippine Airlines

Flag carrier Philippine Airlines is borrowing $38 million from a bank group led by Cathay United as lead arranger and bookrunner of a syndicated term loan.

August 29, 2016 Cathay United Bank | Philippine Airlines ABF Journal

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Tag Archives: Philippine Airlines

Philippine Airlines Emerges from Chapter 11 with $2B in Balance Sheet Reductions

U.S. Bankruptcy Court Approves Philippine Airlines’ Access to $505MM in DIP Financing

Bankruptcy Court Approves Philippine Airlines to Access $20MM of DIP Facility

Cathay United Arranges $38MM Loan for Philippine Airlines