Bank of Guam named lender for GMH loan - KUAM.com-KUAM News: On Air. Online. On Demand.

Bank of Guam named lender for GMH loan

Posted: Updated:

by Ken Quintanilla

Guam - It was last week when the Guam Memorial Hospital board of directors accepted the terms for its $25 million loan and yesterday the Guam Economic Development Authority board of directors officially ratified the selection of the Bank of Guam as the lender for the loan. Bank of Guam was the only financial institution who responded to the request for proposal.

It was further announced that GEDA has formed a negotiating team to assist GMH in getting their financing needs addressed. Since the GMH board approved the terms, it's not up to the Bank of Guam to draft the loan agreement which is set to include an interest rate of 5.5%. GMH is hopeful that the fund will be available before the New Year to help with outstanding vendor payables.

  • NEWS HEADLINESMore>>

  • Tenorio talks about election, gun-grabbing incident

    Tenorio talks about election, gun-grabbing incident

    He's been out of the spotlight since Election Day, but now Guam hears from republican gubernatorial candidate Ray Tenorio following what was his final proclamation signing as the island's LT. "We will continue to do. I am waiting for the certification ofMore >>
    He's been out of the spotlight since Election Day, but now Guam hears from republican gubernatorial candidate Ray Tenorio following what was his final proclamation signing as the island's LT. "We will continue to do. I am waiting for the certification of More >>
  • Big boost for CNMI typhoon relief from Citadel Pacific & SK Telecom

    Big boost for CNMI typhoon relief from Citadel Pacific & SK Telecom

    CNMI Recovery efforts from Supertyphoon Yutu are getting a big boost. Regional Holding company Citadel Pacific and South Korean Telco giant SK Telecom have joined for a quarter-million dollar commitment. Citadel through its subsidiaries IT&E and IP&E, is More >>
    CNMI Recovery efforts from Supertyphoon Yutu are getting a big boost. Regional Holding company Citadel Pacific and South Korean Telco giant SK Telecom have joined for a quarter-million dollar commitment. Citadel through its subsidiaries IT&E and IP&E, is More >>
  • Governor Calvo declares Black Friday a GovGuam holiday

    Governor Calvo declares Black Friday a GovGuam holiday

    Governor Eddie Calvo has signed an Executive Order declaring Nov. 23, the Friday after Thanksgiving, aka, Black Friday, a holiday for the government of Guam. In a press release, the Governor stated "I am grateful for the thousands of government of Guam emMore >>
    Governor Eddie Calvo has signed an Executive Order declaring Nov. 23, the Friday after Thanksgiving, aka, Black Friday, a holiday for the government of Guam. In a press release, the Governor stated "I am grateful for the thousands of government of Guam emMore >>
Powered by Frankly