Sentences with phrase «term secured loans»

Anyone with consumer debt — such as credit card debt, which is typically at higher interest rates than long - term secured loans such as mortgages — should make paying it off a priority, says Golombek.

Since they are very short term secured loans, they tend to have a large interest rate compared to other sources of credit.

The term secured loan means a direct loan or other debt obligation issued by an obligor and funded by the Secretary in connection with the financing of a project under section 603.

Usually a short - term secured loan only available to businesses to provide either working capital or to fund a major expense like acquiring another business, maintaining property and real estate or undertaking a new project.

Not exact matches

Downside: Watch for higher interest rates and shorter terms on peer - to - peer loans, in addition to a more rigorous and intensive itinerary required from both parties to secure the loan.

Comcast said it had secured a bridge loan of up to 16 billion pounds and a term loan credit agreement of up to 7 billion pounds to fund the deal.

You can refinance expensive debt and trim thousands from your monthly budget by securing a long - term, low - rate loan like the one you should've taken in the first place.

The company is also paying down revolving credit debt and its term loan A debt as part of the refinancing effort, which includes the nearly $ 3.3 billion sale of secured notes.

If your business is very young, has poor credit, or presents any other kind of risk to your lender, you may find it difficult to secure a term loan from a traditional lender.

A loan between a buyer and seller comes with a great deal of structures and variations that require input from legal and financial professionals to properly secure loan terms, collateral and adequate insurance coverage.

A company might decide to sell some of its assets in order to raise the short - term finance they need or they may use their assets as collateral to access secured loans that might ease cash flow concerns or help them make other important investments.

NMG may voluntarily prepay outstanding loans under the Senior Secured Term Loan Facility at any time without premium or penalty other than customary «breakage» costs with respect to LIBOR loans.

On February 8, 2013, we entered into a repricing amendment with respect to the Senior Secured Term Loan Facility.

The interest rate on the outstanding borrowings pursuant to the Senior Secured Term Loan

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).

MADISON, N.C., Feb. 12, 2018 / PRNewswire / — Remington Outdoor Company («Remington» or «the Company») today announced that it has reached a Restructuring Support Agreement («RSA») with creditors holding a majority of the FGI Operating Company, LLC («FGI OpCo») Term Loans due in 2019 and 7.875 % Senior Secured Notes due in 2020 (the «Third Lien Notes»)(collectively, the «Consenting Creditors»).

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 loterm loans under the Senior Secured Term Loan Facility, the TLF Amendment changed the «applicable margin» used in calculating the interest rate under the term loTerm Loan Facility, the TLF Amendment changed the «applicable margin» used in calculating the interest rate under the term loterm 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, 2Term 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, 2Term 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, 2term 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.

In particular, Credit Suisse Securities (USA) LLC's affiliate, Credit Suisse AG, is the Administrative Agent and Collateral Agent for our Senior Secured Term Loan Facility, and each of the Underwriters (or an affiliate thereof), are Joint Bookrunners and Joint Lead Arrangers thereunder.

We may voluntarily prepay outstanding loans under the Senior Secured Term Loan Facility at any time without premium or penalty other than customary «breakage» costs with respect to LIBOR loans.

The interest rate on the outstanding borrowings pursuant to the Senior Secured Term Loan Facility was 4.00 % at April 27, 2013.

A lender will normally require that long - term loans be secured by the assets to be purchased.

They will likely require a general lien on business assets and a personal guarantee to secure the loan during the loan term.

Navy Federal Credit Union makes both unsecured and secured personal loans with terms up to 15 years.

This will help determine how much capital they need to borrow, what loan terms make the most sense (short - term vs. long - term), and even where they might look to secure the funding.

«P2P» (peer to peer) is a term used to describe a new way for borrowers to secure a loan electronically from individual investors through a web based platform instead of a traditional bank.

Our online marketplace, funds and funding lines provide great returns for investors from secured property loans, while offering fast and flexible short - term finance for property developers.

Strong business credit scores can help business owners secure better interest rates on loans, decrease instances where you need to prepay for a specific product or service, and secure better trade terms with important suppliers in your industry.

Peabody Energy reduced the interest rate and extended the maturity of its senior secured term loan.

Alternatively, the borrower might secure the loan with a postdated check — dated for the end of the loan term, or due date — for the total amount of the loan and the interest charges based on the loan term.

This reflects borrowers switching from loan products with higher interest rates, such as traditional fixed - term personal loans, to products which attract lower rates of interest, such as home - equity lines of credit and other borrowing secured by residential property.

B&G Foods completed the refinancing of its senior secured credit facility, increasing the principal amount of the tranche B term loans by $ 10 million to approximately $ 650 million and the aggregate commitments under its revolving credit facility from $ 500 million to $ 700 million.

One bank has introduced a small business loan secured by commercial property, reducing the interest rate at which such a loan would previously have been available from this bank, while another introduced a «basic» residentially secured term loan for small business at 6.35 per cent, 40 basis points lower than that bank's standard residentially secured term loan.

Businesses with immediate capital needs can usually secure short - term loans in a matter of hours or days.

The flagship small business rate — on residentially secured term loans — has been increased in line with the cash rate.

We have unsecured term loans and secured term loan options that range in repayment terms.

From term loans and senior secured facilities, to asset - backed securitizations and equity investments, PNC helps middle market companies obtain the capital they need to keep their businesses moving forward.

Also known as swing loans or interim or gap financing, these loans are short - term loans with maturities generally up to one year and are usually secured by some sort of collateral.

Commercial vehicles are excluded, but are eligible for the Secured Term Loan Product.

While you're waiting for cash to come in from collections, speak to your financial institution about a short - term loan or line of credit secured by your receivables or other collateral.

And your ability to secure a loan and get favorable terms will be partly dependent on existing debt as well as other elements of your financial and business profile.

Terms on secured and unsecured loans might differ, but they often run the course of five years.

As such, these types of loan should only be taken out only by borrowers with a solid income looking for short term capital — not by borrowers looking to secure long term affordability.

Many major banks and credit unions offer car equity loans or similarly secured car loans at affordable terms.

The financing comprises a US$ 4bn secured revolving credit facility (RCF), a US$ 7bn secured term loan B, a US$ 19bn two - year secured bridge loan and an US$ 8bn unsecured high - yield bridge.

The predominant indicator rates on term loans and overdrafts secured by residential property are 6.9 and 7.2 per cent respectively.

In this financing scenario, you could secure a lower rate during the first five years of the ARM loan's term, when compared to a 30 - year fixed.

Besides traditional term loans and lines of credit, small business owners with bad credit should also consider other ways of getting funds — such as secured small business credit cards, invoice factoring, merchant cash advances, personal loans and business grants.

The option of short - term loans for MG to buy itself some time to trade out of the situation was flagged but it was clearly understood firstly that it would be challenging to secure government agreement, and secondly, any loans would still have to be repaid in full at a point in the future.»

RiceBran Technologies Receives Extension on Senior Secured Term Loan and Revolving Line of Credit with Great Elm Capital