This is because creditors lowered interest rates and
extended loan maturities (the average maturity of Greece's debt is now 16.5 years, double that of Germany and Italy).
Never refi and
extend your loans maturity date.
Not exact matches
The company refinanced its term
loan to
extend the
maturity to 2023 and reduce the interest rate by 0.5 %.
Valeant is
extending the
maturity date on three
loans to 2022 in order to match the
maturity date of its term
loan F.
Valeant asked lenders to allow it to
extend the
maturity on three term
loans to match the 2022
maturity of its term
loan F.
There is no scheduled amortization under the Asset - Based Revolving Credit Facility; the principal amount of the revolving
loans outstanding thereunder will be due and payable in full on May 17, 2016, unless
extended, or if earlier, the
maturity date of the Senior Secured Term
Loan Facility and the Senior Subordinated Notes (subject to certain exceptions).
In addition to
extending the
maturity of a portion of the existing term
loans under the Senior Secured Term
Loan Facility, the TLF Amendment changed the «applicable margin» used in calculating the interest rate under the term
loans.
Meanwhile, the
maturities on all the bailout
loans will be
extended.
Peabody Energy reduced the interest rate and
extended the
maturity of its senior secured term
loan.
Atlas is striving to complete a major restructuring of its Term
Loan B debt facility announced in December, under which the miner's lenders would cancel about half the debt and
extend its
maturity date in exchange for 70 per cent of the company's shares and options on issue.
The EFSF will now be able to
loan the full amount allotted to the fund, it will be allowed to buy sovereign bonds on the primary market, and the interest rate on
loans to Greece was cut by a percentage point while the
maturities of the
loans were
extended.
For two,
extend the
maturity of the
loan... rather than a 30 year
loan, make it into a 40 year
loan, give the borrower more time to pay it off and reduce the monthly payment.
June 26 (Reuters)- Commercial Metals Co: Commercial Metals Co - On June 23, co, unit entered second amendment to fourth amended and restated credit agreement - SEC Filing.Commercial Metals Co - Amendment amends agreement to provide for a coterminous delayed draw term
loan in maximum principal amount of $ 150.0 million.Commercial Metals Co - Amendment also amends agreement to
extend maturity date of credit agreement to June 23, 2022.
Lending institutions differ in the 1) types of
loans they
extend and their
maturity dates, 2)... Read more»
The latter can be effected by asking for
extended repayment times in terms of years of the
loan maturity.
Interest will accrue on all affected
loans and may cause the
maturity date on each to be
extended.
And in many cases, they'll
extend the
maturity date of the
loan.
About $ 55 billion in
loans that were set to expire in 2010 got
maturities extended into 2011.
The federal banking agencies» examination revealed an «easing of CRE underwriting standards, including less - restrictive
loan covenants,
extended maturities, longer interest - only payment periods, and limited guarantor requirements.»
By the time the
loan reached its
maturity date the property value had declined significantly; the lender was unwilling to
extend the
loan, declared a default and began foreclosure processes.