Amid the shutdown, investors wonder what it will take to open up the leveraged loan market

With the US $ 1.2 trillion leveraged new issue market largely frozen and the prospects for a near-term return to widespread activity uncertain, to say the least, investors and originators remain on the key, waiting for the segment to reopen. But what will it take for that to happen? Of …

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Godrej Housing Finance aims for cautious growth

India’s newest mortgage lender is in no rush to catch up in the crowded market. Instead of aggressively expanding its portfolio of assets, Housing finance in Godrej will focus on acquiring 1,000 customers by March to test the sustainability of its systems and processes, said CEO Manish Shah. “One way …

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BBB clears up confusion over loan and financial aid programs for businesses

IDAHO FALLS – If you’re confused by the alphabet soup of financial aid programs, you are not alone. As the government works with banks to distribute $ 2.2 trillion to individuals and businesses under the CARES Act, you’re probably wondering what you’re eligible for and where to apply. The Paycheque …

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Concrete Pumping Holdings announces Senior’s offer

DENVER, January 19, 2021 (GLOBE NEWSWIRE) – Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the “Company”) today announced that Brundage-Bone Concrete Pumping Holdings Inc. (the “Issuer”), a wholly-owned subsidiary of the Company, intends to offer, by way of a private placement, an aggregate principal amount of $ 350.0 million of senior …

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Liz Weston: Teacher in debt over student loan could be eligible for public service program

Dear Liz: I’m a teacher on an income-based repayment plan for my federal student loans. I am not eligible for any teacher loan cancellation programs because I teach in an affluent area. Currently, interest and payments on federal education loans have been suspended due to the pandemic. I’m trying to …

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ARRC Releases LIBOR Fallback Language Update for USD Syndicated Loans

Quick overview • The ARRC released an updated version of its Recommended LIBOR Fallback Language for LIBOR USD Syndicated Loans on June 30, 2020. • Among other updates, the updated fallback language recommends a “hard-wired approach” to performing LIBOR replacement and removes the previous alternative recommendation for an “amendment approach”. …

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Student loan borrower waiting to see if the debt needs to be canceled

KANSAS CITY, Mo. – All eyes are on Washington to see if President Joe Biden’s campaign pledge to forgive student loan debt is kept. Dala Loomer owes $ 60,000 in student debt. Loomer is among the millions of Americans who are waiting to see if the debt is canceled. “I’m …

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PenFed Credit Union 2021 Student Loan Refinancing Review

Refinancing of the parental loan Fixed rates 2.89% to 5.08% Variable rates 2.13% to 4.75% Loan amounts $ 7,500 to $ 300,000 Loan conditions 5, 8, 12 and 15 years old Loan eligibility To be eligible for student loan refinancing through PenFed Credit Union, you must meet the following criteria: …

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White and black communities in Maryland see 20% difference in CARES law loans – Maryland Matters

Predominantly white communities in Maryland received about 20% more loans and money per loan under the Paycheck Protection Program compared to predominantly Black communities, according to data from the Small Business Administration (SBA ) analyzed by Capital News Service. The Paycheck Protection Program was a derivative of the roughly $ …

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A Student’s Guide to the Economic Stimulus Bill – Mercer Cluster

President Donald Trump signed a $ 2 trillion economic stabilization plan, the largest of its kind in U.S. history, to provide relief to Americans facing sudden unemployment or underemployment during the response COVID-19. Most American adults will receive up to $ 1,200 through direct deposit, although the amount can be …

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