The payment is expected to put a big dent on Benpres' cash position, estimated to reach PhP1 billion.
Efforts are reportedly underway to raise money for remaining debts scheduled to fall due next year.
Benpres is still in the process of evaluating other assets which can be sold. Inc. Benpres' net losses as of the first two quarters of the year amounted to PhP709 million from a positive net earnings generated in the same period last year.