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Del Monte Pacific seeks other funding sources as liabilities rise
Business World Philippines
|July 08, 2025
CAMPOS-LED food and beverage producer Del Monte Pacific Ltd. (DMPL) is seeking alternative funding sources amid rising liabilities, following the recent bankruptcy filing of its United States business.
“The group continues to find new sources of funding to improve cash management, including incremental short-term lines from partner banks to meet its short-term obligations that will provide sufficient working capital financing for it to meet its objectives and future financial obligations,” DMPL said in a local regulatory filing on Monday in response to queries raised by the Singapore Exchange Securities Trading Ltd. on July 3.
DMPL said this as its current liabilities already exceeded its current assets as of end-April due to loans held by its Philippine business.
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