Sentences with phrase «loan facility which»

The plan offers a loan facility which is 90 % of the special surrender value of the policy at the end of the relevant policy year less any unpaid premiums for that year.

Axis Banks offers personal loan facility which is flexible, quick and requires minimal documentation.

Not exact matches

February 10: The U.S. Fed expands the Term Asset - Backed Securities Loan Facility (TALF), which lends money to investors to buy securities backed by loans, thereby allowing banks to provide more loans.

The amendment provided for (i) an immediate reduction in the interest rate margin applicable to the loans outstanding under the Senior Secured Term Loan Facility from (a) 3.50 % to 3.00 % for LIBOR borrowings and (b) 2.50 % to 2.00 % for base rate borrowings, (ii) an immediate lowering of the LIBOR floor for loans outstanding under the Senior Secured Term Loan Facility from 1.25 % to 1.00 % and (iii) the borrowing of incremental term loans, the proceeds of which were used to repay the outstanding loans of lenders that did not consent to the repricing amendment (the Non-Consenting Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8, 2013.

Lynas is also working on extending the debt runway for its Japan Australia Rare Earths (JARE) loan facility, the bulk of which matures in June 2018.

LLC, SunTrust Robinson Humphrey, Inc., and Deutsche Bank Securities Inc., which allows us to borrow up to $ 180.0 million in revolving loans, and the Cash Flow Facility with four lenders, including affiliates of Morgan Stanley & Co..

Greece was officially declared in default on Friday by the European Financial Stability Facility, which holds 144.6 billion euros ($ 160 billion) of Greek loans.

Australian transportation and logistics company Rivet obtained a financing package, including a term loan from Boston - based Gordon Brothers Finance Company and Gordon Brothers, which refinanced existing facilities and facilitated the ownership transfer and expansion of its business.

Remington will then have a new Asset Based Loan (ABL) facility of $ 193 million, the proceeds of which will refinance the existing ABL facility in full.

OPIC can testify to such a phenomenon in the West Bank, which witnessed an economic turn - around at many levels following the US development - finance institution's loan guaranty to a small - business - lending facility Middle East Investment Initiative.

Specialty finance company Versa Media Capital, which provides production loan financing to creators of independent film and TV content, has secured a $ 100 million facility from alternative asset manager Crayhill Capital Management.

Riyadh — Mubasher: Saudi Arabia has closed a $ 16 billion syndicated loan, which refinances a 2016 - signed $ 10 billion facility, sources told Thomson Reuters LPC on Sunday.

The sorts of prudential controls which might be used are to limit the opportunities for residents to borrow in foreign currency (i.e. to prevent a repeat of the Bangkok International Banking Facility) and to monitor them when they do; and to keep very tight (indeed, unashamedly intrusive) constraints on banks» ability to have open foreign exchange positions or indirect exposure through foreign exchange loans.

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 expected new loan facility is to provide for 18 - months of interest - only payments (no amortization), which is designed to reduce the initial debt service burden on the Sponsor so that it has sufficient time needed to stabilize the Property.

However, owners will, according to the rules, be permitted to invest in clubs, via permanent shares rather than by way of repayable loans, which will enable them to build a solid infrastructure such as training grounds or youth development facilities, but will not be allowed to overspend on wages or transfers.

The Park District asked for the loan to speed up their construction time so that a park facility could be built on the same timeline as the library, which officials have been planning for more than a year.

Nevertheless, he urged the government not to bother itself to build more factories some of which will not be economically viable to repay the loan facility it was used to set up.

«On further inquiry, we found out that they mangled the fact that the loan is 2015 general election motivated; by dishing out the lame excuse that the loan is to enable Governor Chime's administration complete ongoing projects and also offset previous loan facility obtained from a new generation bank, which interest rate was jerked up astronomically.

As his money problems mounted, Singh allegedly bribed Oyster Bay officials to guarantee millions of dollars in loans that prosecutors said were used for operating expenses of other businesses rather than the capital expenses at town facilities for which they were intended.

«The payment was to be from revenue flows from crude oil which is sold on the international market at bench mark prices but crude oil prices fell and that source of financing the loan became inadequate... So we had indicated that once the processes start, there could be other source of financing repayment for the facility.

The statewide ballot measure, which provided $ 3 billion in funding for stem cell research at California universities and research institutions, was overwhelmingly approved by voters, and called for the establishment of an entity to make grants and provide loans for stem cell research, research facilities, and other vital research opportunities.

One of the 2003 allocations went to Self - Help Ventures Fund in Durham, North Carolina, which will use its $ 75 million allotment to originate loans for commercial and community facilities, including charter schools.

In definition, a second mortgage is a financial facility or loan that is normally secured by a real estate property which currently has a first mortgage.

Refinancings, however, involve a new loan structure (i.e., new term, new agreements, etc.), which replaces the existing facility.

Tenet Healthcare Corp., which owns or operates hospitals and health - care facilities across the U.S., promotes loan - repayment incentives in its job ads.

They are not good for financing entire new business ventures in which it could take years before the business starts to turn a profit or to build a new facility with a substantial mortgage because the money due on these loans is due within a year.

For feedlot / dairy operations feeding a byproduct of an ethanol or biodiesel facility: Borrowers are eligible for an interest buydown of up to 4.00 % which may be used to reduce the borrower's interest rate on loans made by a local lender and BND, subject to a minimum rate of 1.00 % to the borrower.

Circle's fate was actually sealed back in 2014, when it began drawing down on a $ 100 million IFC loan facility (which I specifically flagged as a huge risk) to fund an aggressive ramp - up in exploration & development.

No credit check personal loans lets you to have the best of the best facilities with their better tears and conditions which are suitable for ever borrowers.

The Federal Reserve discount rate, which is «the interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility — the discount window.»

By opting for this facility, the individual simply transfers the existing personal loan to another financial institution which in turn helps the individual to save more.

Similarly, the S&P / LSTA U.S. Leveraged Loan 100 Index, which measures the performance of below investment grade loan facilities, has gone from a May 22nd year - to - date high of 3.32 % to a 2.Loan 100 Index, which measures the performance of below investment grade loan facilities, has gone from a May 22nd year - to - date high of 3.32 % to a 2.loan facilities, has gone from a May 22nd year - to - date high of 3.32 % to a 2.5 %.

Personal loan balance transfer facility is the same as any other balance transfer facility, which lets you, to transfer your outstanding personal loan amount from one bank to...

Once you opt for this Personal loan balance transfer facility, you will be required to pay the loan EMIs to the bank which you opted to transfer your loan into.

Personal loan balance transfer facility is the same as any other balance transfer facility, which lets you, to transfer your outstanding personal loan amount from one bank to another bank.

SBI also has digital branches known as SBI InTouch, which offer an instant loan facility for home loans, among other products and services.

However, they recently received a large loan and have broken ground in Joplin, MO, on the Heartland Pet Products manufacturing and distributing facility which will cost $ 85 million and have 400,000 square foot of space.

On August 8, 2012, Blue Buffalo Company, Ltd., our wholly - owned indirect subsidiary, entered into a senior secured credit agreement, or credit agreement, with Citibank, N.A. as the administrative agent, swingline lender and issuing bank, Citigroup Global Markets Inc. and Morgan Stanley Senior Funding, Inc. as joint lead arrangers and joint bookrunners, Morgan Stanley Senior Funding, Inc. as syndication agent, and the lenders from time to time party thereto, which provided us with our term loan facilities and our revolving credit facility.

As of March 31, 2015, our senior secured credit facilities consisted of $ 390.1 million of outstanding term loans maturing on August 8, 2019 and an undrawn $ 40.0 million revolving credit facility (which includes borrowing capacity available for letters of credit and for short - term borrowings) maturing on August 8, 2017.

-- Direct loans, letters of credit and loan guarantees by the Administration shall not exceed an amount equal to 80 percent of the project cost of the facility that is the subject of the loan, letter of credit or loan guarantee, as estimated at the time at which the loan, letter of credit or loan guarantee is issued.

A recent triumph for the company came in November 2015, as it announced a partnership with Americas biggest solar lease provider, Vivant Solar, which may indicate a shift from solar leases to solar loans for homeowners in the U.S.. Now, with the announcement of this new facility, Mosaic wants to continue to build, eyeing solar financing solutions of $ 1bn over the next year.

The firm renegotiated a bank loan facility with RBS in Janaury, which comprises a # 2.5 m overdraft and a # 6.5 m term loan secured by a debenture over the assets of debt recovery business Incasso — a wholly - owned subsidiary of Cobbetts.

Cobbetts has negotiated loan facilities of # 10.5 m in an effort to avoid a partner cash call The firm renegotiated a bank loan facility with RBS in Janaury, which comprises a # 2.5 m overdraft and a # 6.5 m term loan secured by a debenture over the assets of debt recovery business Incasso - a wholly - owned subsidiary of Cobbetts.

Regarding Art. 136 TFEU and its new paragraph (3) which allows Eurozone Member States to create loan facilities, the applicants argued that it was clarifying in intent but constitutive in nature.

She pioneered the recent introduction by the Loan Market Association of a real estate finance facility agreement which is expected to become the market standard document in the real estate finance world.

A typical committed term loan facility agreement will contain a number of yield protection clauses which are designed to ensure that the bank, over the term of the commitment, receives the return which it expects when entering into such an agreement.

This issuance was the first transaction sold under the Federal Reserve's Term Asset - Backed Securities Loan Facility (TALF), which aims to lower funding costs for issuers by offering investors funding for the purchase of the securities.

The loan is comprised of $ 33 million in refinance proceeds and a $ 15 million «good news» facility, which will be used to provide additional capital to complete a remerchandising of the mall that includes the conversion of split level retail space to an eight screen Theater, adding an additional outparcel, and relocating and re-tenanting certain stores.

The credit facility, which consists of a fixed - rate loan and a variable - rate loan, matures in seven years.