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RadioShack says lender invented allegations that it breached loan covenants
2014-12-11 18:21:30| Agriculture - Topix.net
RadioShack came out punching Tuesday, and the target of its right hooks and uppercuts was not Best Buy or Fry's but one of its own creditors - Salus Capital Partners, a hard-knuckle lender of last resort to struggling retailers, which is demanding all of its money back. The Fort Worth-based retailer, which arranged a crucial refinancing in October to avoid a bankruptcy filing, said it had received a notice from Salus, a unit of Harbinger Group, claiming that the deal violated terms of its $250 million loan.
Tags: loan
invented
lender
allegations
Ally Financial overtakes Wells Fargo as top U.S. auto lender
2014-12-01 18:29:53| Auto Dealers - Topix.net
Much of Ally's growth came from financing used car sales, an area where the former in-house finance arm of General Motors Co ( In recent years, banks expanded in the used car market as carmakers' in-house finance arms came to dominate the new car market. In the third quarter, 54.1 percent of used car purchases were financed with a loan, a record high.
Tags: top
auto
financial
wells
For India, China-backed lender may be answer coal investment
2014-11-05 15:03:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: India is hoping a new China-backed multilateral lender will fund coal-based energy projects, an official said, putting it in direct conflict with the World Bank, whose chief has maintained that it would stick to its restrictions on such lending. A senior Indian official told Reuters the Asian Infrastructure Investment Bank (AIIB), sponsored by China, is expected to allow funding of coal-fired power plants that the World Bank has almost totally blocked. "When you have 1.3 billion people starved...
Tags: answer
india
investment
coal
ERF Wireless Terminates All Senior Lender Debt with Full Repayment
2014-09-26 16:22:32| Wireless - Topix.net
LEAGUE CITY, TX, United States, via ETELIGIS INC., 09/26/2014 - - ERF Wireless Inc., , a leading provider of enterprise-class wireless and broadband products and services, announced today that as of September 16, 2014, it has terminated its Senior Secured Revolving Credit Facility with TCA Global Credit Master Fund, LP and has simultaneously paid TCA the complete outstanding balance of approximately $1.165 million dollars including principal and interest. The term of the Facility was one year.
Tags: full
senior
wireless
debt
Banks in Sweden Face New State Lender Plan Targeting Price Cuts
2014-09-01 01:06:17| Appliances - Topix.net
Sweden's Social Democratic Party, which polls show will probably oust the government of Prime Minister Fredrik Reinfeldt next month, wants to use the state's mortgage lender as a lever to lower the cost of home finance.
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