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...One pressing issue is Kemble needs to refinance a £190mn loan that is due by the end of April....
...It has already received £500mn from investors in the form of a loan to parent company Kemble Water and insists that equity holders are willing to inject another £3.25bn, but only if they get the regulatory...
...“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.”...
...We apply AI models to income and identity fraud, acquisition targeting, loan stacking, timedelimited default and pre-payment prediction, and servicing....
...Fewer new bad loans led to a rise in competition for servicing contracts. Still, collections from existing assets have disappointed....
...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....
...Companies in the LSTA Leveraged Loan index report earnings publicly. Their average ebitda has risen since 2011, save for a couple of quarters during the pandemic....
...In October Altice International, one of the three main companies of the group, borrowed €800mn from investors through a term loan in order to repay bonds maturing in 2025....
...Solar power companies and farmers team up in “quite a grassroots kind of way”, said ASGA president Nick Armentrout....
...The company has said it plans to keep servicing this debt despite the sovereign restructuring....
...Multiple players — such as originator banks, servicing companies and rating agencies — are involved in the transactions, which have a highly complex pricing mechanism....
...The Chicago-based company’s net interest income — a closely watched figure that measures the difference between what banks pay on deposits and what they earn from loans and other assets — fell 11 per cent...
...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...
...The share of companies reporting “major difficulties in running their business and servicing their debts over the past six months” rose to 9 per cent, up from 6 per cent in the previous survey....
...Separately, it paid a $25mn penalty to the CFPB related to private student loan servicing practices. “Capital One is a healthy, well-managed, well-capitalised bank....
...A servicing company placed the loan on watch for possible default — although the Trumps have remained current on their payments....
...This trend has accompanied the rise in private equity-owned companies, which tend to borrow from the broadly syndicated loan market and collateralised loan obligation (CLO) funds — or, increasingly, from...
...As rates have gone up, loan repayments have increased and companies have had to spend more money servicing their debt....
...loans banks don’t want....
...This was because many SMEs, which are typically more dependent on bank lending than larger companies, took out fixed-rate loans at a rate of 2.5 per cent cent over a term of six to 10 years during the Covid...
...Even with this buffer, however, consumers face elevated prices and higher debt servicing costs. Forbearance policies for student loans are at an end....
...More than 4,000 lenders provided home loans in the US last year, 60 per cent of which were made by independent mortgage companies, not banks....
...This means historic debt write-offs, debt restructuring and repaying climate loans with non-repayable grants....
...At some point, these companies won’t be able to keep servicing their debts. Base rate + 800 bps is a lot easier to handle when rates are near zero than at 4-6 per cent....
...It also isn’t encouraging to see the jump in the share of loans that are delinquent and in special servicing. But hey, who knows? Everything could be fine....
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