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17 August 2006 – After news earlier this week that it was looking for a $700 million plus loan, Mirant Corp. just announced it received the funding it needed for its $700 million Asia-Pacific Term Loan Facility. Mirant Asia-Pacific Ltd. and its subsidiaries operate the company's Philippines business. A portion of these funds, together with other funds from the Philippines business, are being distributed to Mirant Corp., and will be used as part of the consideration to be paid in Mirant's modified "Dutch auction" self-tender offer announced on July 11, 2006.

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