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He noted that the company has perpetual preferred stock as part of its capital, which doesn't need refinancing.
Over the next few years, a lot of the debt issued in the buy-out boom of 2006 and 2007 will need refinancing.
The Bank for International Settlements, the central banks' central bank, said in its annual report last year that there were £500bn worth of loans taken out by private equity firms that need refinancing by 2010.
2015, September: After insisting that the group did not need refinancing, Glasenberg gives in to shareholder pressure in September, announcing a programme to cut the group's $30bn£19.7bnbn) debts to around $20bn by selling new shares, selling assets and closing mines.
A third of Barclays' bond offerings need refinancing every three years.
The maturity wall means there will be many borrowers who need refinancing in any case because their loans are maturing, while the rate hike could prompt those borrowers to seek out refinancing sooner rather than later.
Similar(53)
… We purchase homes we don't need, refinance them for more spending money, and declare bankruptcy, often leaving them full of garbage in our wake.
The vast majority of the $3tn debt needs refinancing in a five-year timeframe starting in 2012.
These fiduciaries fear financial liability, and servicers are overworked and have no meaningful financial incentive to provide this desperately needed refinancing.
You should always try to lower your interest rate and if needed, refinance your loan.
"The government is no longer investing in infrastructure, the municipalities are no longer paying their bills and the companies are in constant need of refinancing from their banks.
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