Dealing with a client in financial difficulty requires both vigilance and creativity. Vigilance is essential, as close monitoring of a customer’s payment history and overall financial position will indicate whether a supplier needs to take additional steps to protect themselves. Creativity comes into play in deciding what kinds of protections are possible and appropriate in …

As a result, the share of mortgages in total volumes was also reduced to 30% of total volumes in S1FY20, compared to around 45-50% of total volumes in FY18 and FY19. Sales of loan pools have become the main source of funds for non-bank lenders. Since the IL&FS crisis in September 2018, non-bank finance companies …

SCOTTSDALE, Arizona., October 9, 2019 / PRNewswire / – Integrated CBD, an institutional and quality supply chain leader for organic hemp-derived CBD, today announced the closing of $ 50 million in senior secured debt and a Series A funding round in a combination of debt and equity financing. Senior debt is managed by a new …

-The reduction of $ 48.6 million in secured debt will result in total interest savings of $ 10.5 million–Organizational change streamlines business operations- CAMPBELL, Calif., Oct. 03, 2019 (GLOBE NEWSWIRE) – VIVUS, Inc. (Nasdaq: VVUS) (the “Company”), a biopharmaceutical company, today announced that it has repaid $ 48.6 million in its notes Senior collateral maturing …

Ginnie Mae will take a closer look at issuers of mortgage-backed securities with higher ratios of secured debt to gross tangible assets. Single-family issuers with a ratio greater than 60% “may, at Ginnie Mae’s sole discretion, be subject to additional financial and operational requirements before receiving approvals for various transactions,” according to the government agency. …

This morning, iAnthus (CSE: IAN) announced that it is negotiating a definitive agreement for a senior secured term loan of up to US $ 50 million with Torian Capital Partners. The term loan is expected to be made available in two tranches of US $ 25 million, each with substantially similar terms. The press release …

By Ryan Boysen (July 9, 2019, 4:45 p.m. EDT) — Stearns Holdings LLC filed Chapter 11 in New York bankruptcy court on Tuesday, with a plan that calls on majority owner Blackstone to inject $60 million in cash into the residential mortgage lender so it can pay off some of its $183 million secured debt. …

The Ministry of Employment and Labor will organize a seminar on the private security sector next week (June 26), as it has identified the sector as “high risk” with regard to compliance with labor laws. . The department noted that the industry has experienced “unprecedented growth” in recent years due to high levels of crime. …

Breadcrumb Links Cannabis business Cannabis Canopy is focused on research and development, global expansion and profitability of its Canadian business, says new CFO Author of the article: Bloomberg News Esteban Duarte and Kristine Owram Canopy Growth workers at company operations in Aldergrove, BC Photo by Mark Yuen/Postmedia Content of the article Canopy Growth Corp. is …

Social security is in big trouble at 16. That’s the rough message of the 2019 Social Security Board of Directors report, which came out months before its regular release. Social Security, which currently pays benefits to 63 million Americans and is responsible for at least half of the monthly income of more than 3 in …

/ NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISTRIBUTION IN UNITED STATES. ANY NON-COMPLIANCE WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF US SECURITIES LAWS. / CALGARY, August 30, 2018 / CNW / – Petro-Victory Energy (TSX-V: VRY), (“Petro-Victory” or the “Company”), is pleased to provide the following updates. Funding The Company finalized …

DUBAI: Private equity firm Abraaj said on Monday it hoped to reach an agreement with its secured creditors, although sources said a Kuwaiti unsecured creditor was resisting, which could block the sale of its investment management. Dubai-based Abraaj Holdings is trying to sell Abraaj Investment Management to New York-based Cerberus Capital Management as it tries …

Alternative loans The company is expanding its SME loan proposition with the new portfolio. IW Capital, an investment firm specializing in debt, stocks and EIS, has launched its first secured debt fund raising £ 4.5million. The fund will be the first in a series of diversified investment vehicles that IW Capital plans to launch in …

SPRINGDALE, Arch .– (COMMERCIAL THREAD) – NanoMech, Inc., a specialty materials company with patented technology in nano-engineered lubricants, chemicals, coatings and finishes, today announced completion of funding $ 7 million non-convertible senior secured debt and equity with Michaelson Capital Special Finance Fund II, LP “We continue to strengthen our balance sheet to position NanoMech for …

ATLANTE, April 6, 2017 /PRNewswire/ — Internap Corporation (NASDAQ: INAP), (“INAP” or the “Company”), a provider of high-performance Internet infrastructure comprising colocation, cloud and network services, today announced that he closed the $325 million into new credit facilities to complete the refinancing of its senior secured debt in an oversubscribed transaction. The new facility provides …

What is Purchase Price Guarantee Interest (PMSI)? The term purchase guarantee (PMSI) refers to a legal claim that allows a lender to either repossess property financed with their loan, or to demand repayment in cash if the borrower defaults. It gives priority to the lender over claims made by other creditors. In simpler terms, a …

What is secured debt? Secured debt is backed by debt or secured by collateral to reduce the risk associated with the loan. If the borrower on a loan defaults, the bank seizes the collateral, sells it, and uses the proceeds to pay off the debt. Assets backed by a debt or debt instrument are considered …

CHICAGO–(BUSINESS WIRE)–Fitch Ratings has assigned a rating of ‘BB+(EXP)/RR1’ to Air Canada’s proposed new senior secured debt issuance. The proceeds of the issue will be used, along with cash, to refinance Air Canada’s existing Secured Term Loan B and Air Canada’s first lien and second lien secured notes. Fitch currently rates Air Canada “B+” with …

It was 2009 and General Motors Co. (ticker: GM) had just declared bankruptcy. Financial carnage ensued. GM shares fell to zero. The people who owned it lost everything. Those who invested in regular GM bonds tried to collect something and pocketed a few cents – about 20 cents on the dollar. Even when the company …

A sailor watches the flight deck of the Nimitz-class aircraft carrier USS Carl Vinson (CVN-70). US Navy Photo “What kind of navy do the Americans want? Columnist George F. Will asked in a Washington post remark. “The answer will determine whether the American power can, in [Chief of Naval Operations Adm. Jonathan] Greenert’s formulation, “be …

Following Air Lease Corporation’s (NYSE: AL) quality ratings and strengthened credit profile, the company today announced that one of its banks has agreed to review and improve terms by approximately 170 million dollars of secured debt related to the financing of six ALC aircraft. Under the agreement, the bank pledged to reduce the interest rate, …

Today the government sold student loans worth £ 900million to a private debt collector for the bargain price of £ 160million, in a deal that includes all student loans taken out before 1998. But this outrageous move is likely to be right around one of the “Great Student Loan Giveaways”. In today’s story, the government …

Birmingham’s new hospital built on a PFI scheme – loans to government-backed infrastructure projects such as this make up the debt purchased by the Danish pension fund Institutional investors are starting to turn to infrastructure loans, which banks are expected to start selling, along with other assets, to meet the capital requirements of future Basel …

CHANTILLY, Virginia – (COMMERCIAL THREAD) – Online Resources Corporation (NASDAQ: ORCC), a leading provider of online financial services, today announced that effective September 29, 2011, it has amended and extended its premier secured credit facilities. rank until February 21, 2013. The Company has requested this extension. to support the continued execution of its strategic growth …

WILLIAMSBURG, Virginia – (BUSINESS WIRE) – MHI Host Company (NASDAQ: MDH) (the “Company”) announced today that it has successfully executed a new secured loan of $ 7.5 million from the Bank of Georgetown, secured by a first mortgage on the Holiday Inn Laurel hotel. West in Laurel, Maryland. The loan has a ten-year term, with …

A local wireless communications security service provider seeks to partner with public and private sector agencies to help improve the ability to protect assets and respond in a timely manner to potential security compromises that threaten assets. value by infusing an enhanced level of wireless technology into asset protection measures. Member of the Board of …