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*About $100 million or more could be realized through refinancing some of the city's $40 billion outstanding debt.
Rising bond yields (until recently) have also been pushing up mortgage rates, reducing opportunities for improving household cash flow through refinancing.
In its announcement on Thursday, Charter said that it had an agreement in principle with its bondholders in which the company will raise about $3 billion through refinancing existing debt and getting new capital.
They say they have whittled the two-year budget deficit of $2.8 billion, which they announced in November, to about $950 million, through refinancing bonds, cutting some services and merging some operations.
"Instead, they are looking to find ways to access the equity in their house through refinancing with lower interest rates to deal with their day-to-day bills and unsecured creditors, or they are filing Chapter 13," he said.
Finexkap is the first French working capital financing platform to purchase SMEs' receivables on the web through refinancing.
Similar(43)
Mr. Marchionne declined last week to say how much Chrysler would save through its refinancing.
Although the saving rate has risen, Americans have continued to spend by tapping into housing wealth through mortgage refinancing.
Low interest rates and cash-back incentives stimulated the vehicle sales, along with spending money freed up through mortgage refinancing.
Rising home prices and falling interest rates allowed homeowners to withdraw tens of billions of dollars in equity from their homes through mortgage refinancing.
In this respect, the two have become wrapped in a strange embrace that has made the flight from stocks an unexpected source of strength for consumer spending, mainly through mortgage refinancing.
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