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Though memories are short on Wall Street, it is as if secured loan investors are dispensing some poetic justice.
That financing round included a $585 million asset-based credit agreement, and a $250 million secured loan.
Finland has secured loan guarantees before taking part in this second bailout for stricken Greece – a token of its scepticism about Greek promises of reform and financial sustainability.
In December, Dresdner Bank, one of Kirch's main lenders, extended the term of a secured loan of euro460m only after it was given additional security.
In a secured loan, the lender uses the equity of your property to insure the loan.
"It is not a secured loan, so baseball can't foreclose on anything".
After repayment of the secured loan the borrower reacquires title from the lender.
After the demonstration is made, the bank may draw upon the secured loan.
Similar(3)
Job vacancies are up 2% on pre-recession levels, but mortgage and secured-loan arrears are 30% higher.
Citi's new senior-secured loan would mature on Aug. 1, 2002.
The Proposed Cure: The company would have filed for bankruptcy if not for the government-secured loan.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com