On December 17, 2014, Full Circle Capital funded a $4.5 million senior secured mortgage term loan to Luling Lodging, LLC, a hotel operator. The credit facility bears interest at one month LIBOR plus 12.00% with a LIBOR floor at 0.25% and has a final maturity of December 17, 2017.
On October 15, 2014, the senior secured credit facility with Esselte Holdings Inc., Esselte AB was fully repaid at par plus accrued interest for total proceeds of $1,758,967.
On December 22, 2014, the senior secured credit facility with GW Power, LLC and Greenwood Fuels WI, LLC, was partially prepaid at par plus prepayment fees for total proceeds of $700,000....
GREENWICH, CT, Jan. 21, 2015 (GLOBE NEWSWIRE) — Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) (FSFR), an affiliate of Fifth Street Asset Management Inc. (NASDAQ:FSAM), today announced the closing of a $175 million senior secured revolving credit facility with Citibank, NA (Citibank). The facility has a three-year reinvestment period and a final maturity of January 2020.Borrowings will accrue interest at LIBOR plus 200 to 225 basis points per annum during the reinvestment period.
In conjunction with FSFRs $200 million credit facility from Natixis, New York Branch, the Citibank facility provides FSFR with additional capacity to execute on its strategy of providing flexible...
SHREVEPORT, LA (KSLA) –
Customers of a Shreveport tax preparation office say their taxes were filed without their knowledge or permission, and they want their money back.
They wont be getting it, however, because the actions of the business are not illegal.
It all started when customers took out cash loans from Tax Pros before the holidays. They say they didnt know their income tax refunds would be used to repay those loans.
As a result, dozens of frustrated customers stood outside the Tax Pros office Friday in Shreveport.
We got families and people too, and all theyre worried about is getting their money from us, and its not right, said customer...
LAS VEGAS (CN) – Two tribally owned payday lenders agreed to pay $21 million and waive $285 million in uncollected charges to settle a deceptive trade practice complaint from the Federal Trade Commission.
AMG Services and MNE Services are owned by the Miami Tribe of Oklahoma.
In April 2012 the FTC accused the tribal lenders and other defendants of violating the Truth in Lending Act and Electronic Fund Transfer Act by charging undisclosed and inflated fees on payday loans.
Without admitting or denying guilt, the lenders on Jan. 15 agreed to pay $21 million to the FTC and waive $285 million in uncollected charges owed by consumers across the nation. The $21 million is the largest...
ALEXANDRIA, Va., Jan. 21, 2015 /PRNewswire/ –Oxford Finance LLC (Oxford), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $3 million senior secured term loan agreement with InterValve, Inc. (InterValve). Proceeds of the loan will be used for product line expansion and the ongoing commericialization of the companys lead product, the V8 Aortic Valvuloplasty Balloon catheter.
InterValves aortic valve dilation device is technologically innovative and has been proven to be a safe and effective solution for treating patients with calcific aortic stenosis, said Christopher A. Herr, managing director...
Construction officially begins Tuesday on an $8.7 million wastewater treatment plant in Crestwood, which will allow for the closing of decades-old, temporary treatment plants.
The Oldham County Environmental Authority will celebrate the groundbreaking at 10:30 am Tuesday at the site of what will become its South Oldham Regional Wastewater Treatment Facility, 6115 Hitt Lane.
The Environmental Authority recently purchased the property, which had previously been part of a family farm, said spokeswoman Vickie Miller.
Miller said construction of the new facility is part of a plan to decommission temporary package wastewater treatment plants that were only meant to operate for a few decades....
Mortgage adviser: Brenda Wyatt.
Property type: Single-family home in Sheffield Village, Oakland.
Purchase price: $653,000.
First loan amount: $450,000.
Loan type: 30-year fixed at 4.25 percent
Backstory: It’s a common scenario in the Bay Area: A young, professional couple, renting in San Francisco, plan to purchase their first home before the arrival of their first child.
This was the situation for Wyatt’s client and her husband.
The couple had a sizable...
I am pleased to present my Fourth Quarter 2014 portfolio review. Each review helps clarify my current approach to dividend growth investing. It should be read as representing an approach that best matches our risk tolerance — one that helps both my wife and I sleep well at night when the market is as turbulent as it certainly was later in the year.
My portfolio finished the year with 46 holdings and yields roughly 4.2% at todays cost. Each holding represents less than 4% of the overall portfolio with most positions under 2%.
My portfolio was constructed starting in 2011 from the lists of Dividend Champions, Challengers and Contenders (CCCs) maintained by Seeking Alpha Contributor...
(Forimmediaterelease.net) Get the help of an experienced professional and book an appointment with a reputable and experienced bankruptcy attorney in Pittsburgh, PA. The Law Office of Janice Q. Russell specializes in consumer bankruptcy.
No one should move through the territory of filing for bankruptcy without the help of a qualified professional with the ability to aid the process. The Law Office of Janice Q. Russell, Esq. offers free consultations to prospective clients. This noted bankruptcy attorney can help determine if filing for bankruptcy is the correct route for a potential client.
May changes to bankruptcy law in Pittsburgh, PA, went into effect in the year 2005 so what...
New York, December 29, 2014 — Moodys Investors Service (Moodys) has assigned ratings to two classes
of notes issued by Madison Park Funding XV, Ltd. (the Issuer
or Madison Park Funding XV).
Moodys rating action is as follows:
US$413,200,000 Class A-1 Senior
Secured Floating Rate Notes due January 2026 (the Class A-1 Notes),
Definitive Rating Assigned Aaa (sf)
US$40,000,000 Class D Senior Secured
Deferrable Floating Rate Notes due January 2026 (the Class D Notes),
Definitive Rating Assigned Ba3 (sf)
The Class A-1 Notes and the Class D Notes are referred to herein,