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...In 2018, EG handed the companies €39mn in unsecured, interest free loans which they used to buy the jets, the Financial Times reported in 2022....
...While the loose terms of Altice’s bonds and loans give the company broad latitude to sell assets without repaying debt at face value, some bondholders believe that the company can still be persuaded to take...
...Regulators have reportedly looked at allowing banks to offer unsecured short-term loans to developers for the first time....
...Unsecured credit card loans from banks grew nearly 30 per cent year-over-year between April and September, according to Fitch Ratings, compared to overall loan growth of 20 per cent....
...Apart from booking a profit, SBB in effect had swapped unsecured debt now yielding in the mid-teens for secured loans with a 9 per cent yield to maturity, said Edoardo Gili at Green Street....
...Growth in unsecured lending in India now forms nearly 10 per cent of total banking sector loans, according to S&P Global Ratings, which labelled the amount “excessive” in a March report....
...The private equity firm ranks as a secured creditor in the administration after The Body Shop took out a series of loans from the private equity firm, meaning Aurelius would have a claim of several of its...
...In contrast, unsecured loans from unregulated lenders, such as those offering buy now, pay later (BNPL) products, have jumped in recent years, according to research from credit-checking platform ClearScore...
...A turn in the credit cycle could mean a new flow of non-performing loans, with some signs of weakness in jobs markets and strains in unsecured lending....
...The bank said on Friday that it would take on Tesco Bank’s credit cards and unsecured personal loans, totalling about £8.3bn of lending balances....
...Banks hold higher allowances — for example, 10 per cent — for unsecured lending such as credit card loans, compared with 2 or 3 per cent for commercial real estate loans, which have lower default rates....
...Barclays said on Friday that it would take on Tesco Bank’s credit cards and unsecured personal loans, totalling about £8.3bn of lending balances....
...Instead of an unsecured, uninsured claim on a eurozone bank (that’s what a €140bn deposit is), the CBR’s asset would be an unsecured claim on a eurozone non-bank financial company....
..., and unsecured bonds issued by real estate investment trusts....
...of euros in interest-free, unsecured loans to help them buy two private jets....
...Unlike unsecured interbank loans, there is a whole ton of volume in the market for Treasury repo....
...Waning demand for loans from collateralised loan obligations — the vehicles that own roughly two-thirds of America’s low-grade corporate loans — has made refinancing “challenging” for loan issuers, according...
...Credit card and unsecured loan originations rose by more than half between 2020 and 2022, TransUnion said....
...A quarter of respondents said unsecured debt such as credit card loans were hampering their ability to save for retirement, up from 14 per cent last year....
...Charles Liang then borrowed $12.9mn from his brother’s wife to repay margin loans. As of June 2023, the unsecured, interest-bearing loan was still outstanding and had swelled to $16mn due....
...About 7 cents on the euro is typical for unsecured portfolios, rising to 20 cents and 30 cents for corporate loans and residential mortgages....
...Paul Dales, chief UK economist at the consultancy Capital Economics, said resilient consumer credit data suggested that “higher interest rates are yet to significantly crimp unsecured borrowing”....
...Yellow named Berkshire Hathaway-owned railroad BNSF, Amazon, DIY chain Home Depot and tyremaker Goodyear in a list of creditors with each having unsecured claims of at least $1mn....
...Raising that much via asset sales would leave enough to pay off the secured lenders as well as the DIP, with the remainder potentially going to unsecured creditors as well as common stockholders....
...Depending on how much the unsecured claims are ultimately worth, the residual equity of Yellow could be worth hundreds of millions of dollars....
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