Lockdown=No income, no way to pay your debt...


P21.4B long term loans: Tan Caktiong flirts with possible default if creditors didn’t relax, waive Jollibee’s debt covenants – Bilyonaryo


Jollibee has 19 long-term loans worth a total of P21.394 billion and payable from 2020 to 2026:

* 8 loans worth P13.016 by the parent company

*Three loans worth a total of P5.185 billion for US subsidiaries

*Three loans worth P2.1 billion for local subsidiaries

*5 loans worth P1.05 billion for its Vietnam operations