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...CDFIs typically offer lower-value loans used as a last resort by consumers and businesses that are unable to access credit through traditional routes because of their poor credit records....
...“No one wants to put in a new money [loan],” said one lawyer involved in the case. Additional reporting by Antoine Gara...
...In 2016, it began its pivot into banking to access more stable ways to fund its loans with savings accounts....
...One pressing issue is Kemble needs to refinance a £190mn loan that is due by the end of April....
...“Providing continuity of client servicing if and when advisers retire and being able to occasionally move client relationships around the partnership is really important to us.”...
...The water monopoly has come under increasing financial strain as higher interest rates have increased the costs of servicing its £18.3bn debt....
...Greensill’s supply chain financing loans to Gupta-linked and other companies were packaged into securities sold to Credit Suisse investors through a group of $10bn supply chain finance funds....
...The company has said it plans to keep servicing this debt despite the sovereign restructuring....
...Norilsk Nickel, the metals group controlled by Russia’s richest man Vladimir Potanin, will move some copper smelting production from its home country to China, as western sanctions restrict access to key...
...inflation would reduce the UK government’s overall contribution to zero, based on current projections — although this will probably change as the recent increase in borrowing costs may mean the price of servicing...
...Private equity group Carlyle will take control of Southend Airport after sealing a deal to resolve a row over a loan made during the pandemic....
...The group has also been selling assets to help reduce its $60bn debt pile, as rising interest rates push up the cost of servicing its debts....
...After being denied access to government funds, Virgin Atlantic was forced to raise more than £1bn from the private sector. Byers also pointed to the drag from higher fuel prices....
...In 2022, new foreign loans to emerging market sovereigns dropped to their lowest level in a decade....
...The company is the most leveraged in the sector and has come under increasing financial strain as higher interest rates have raised the cost of servicing £18.3bn of group debt....
...Banking lobby group UK Finance said previously that personal guarantees reduce risk to lenders, allowing for greater availability of loans at lower interest rates....
...During this period Sri Lanka had lost market access, went off the IMF reform pathway, and had its credit rating cut to CCC by late-2021....
...*Sadly, CR didn’t specify which loan this was. And borrowers (annoyingly) can be stingy about loan doc access....
...As a nation, we are comfortable discussing access to capital and issuing debt, but not awarding wealth in the form of contracts....
...Some farmers have found it tricky to secure bank loans against their slowly growing solar-grazing businesses, preventing the wider industry from growing even faster than it already is....
...First Citizens’ “innovation portfolio” of loans, which it said was made up entirely of loans by SVB, totalled $4.3bn at the end of 2023, down from SVB’s loan book of $6.7bn a year earlier....
...Breit was launched by Blackstone in 2017 as a way to give wealthy individuals access to its private real estate investment platform....
...Companies’ access to credit is declining faster than their demand for borrowing, according to a separate survey of more than 11,500 businesses published by the ECB on Tuesday....
...private lenders such as Blackstone Group, Apollo Global, and Ares Management....
...In a higher interest rate environment, some of these businesses are seeing the cost of servicing their loans increase and many will need to refinance existing their debt at a higher cost in the coming years...
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