Credit borrower – KR2K http://kr2k.com/ Wed, 12 Jan 2022 21:10:06 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.1 https://kr2k.com/wp-content/uploads/2021/08/icon-150x150.png Credit borrower – KR2K http://kr2k.com/ 32 32 EQUINIX INC: Entering into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Creation of a Direct Financial Obligation or Obligation under a Registrant’s Off-Balance Sheet Arrangement (Form 8-K) https://kr2k.com/equinix-inc-entering-into-a-material-definitive-agreement-termination-of-a-material-definitive-agreement-creation-of-a-direct-financial-obligation-or-obligation-under-a-registrants-off-balance-she/ Wed, 12 Jan 2022 21:10:06 +0000 https://kr2k.com/equinix-inc-entering-into-a-material-definitive-agreement-termination-of-a-material-definitive-agreement-creation-of-a-direct-financial-obligation-or-obligation-under-a-registrants-off-balance-she/ Item 1.01 Conclusion of a Material Definitive Agreement At January 7, 2022 (the “Closing Date”), Equinix, Inc. (“Equinix”) has entered into a credit agreement (the “Credit Agreement”), by and between Equinix, as a borrower, a syndicate of financial institutions, as lenders, Bank of America, NA., as an administrative agent, Citibank, NA., JPMorgan Chase Bank, NA., […]]]>

Item 1.01 Conclusion of a Material Definitive Agreement

At January 7, 2022 (the “Closing Date”), Equinix, Inc. (“Equinix”) has entered into a credit agreement (the “Credit Agreement”), by and between Equinix, as a borrower, a syndicate of financial institutions, as lenders, Bank of America, NA., as an administrative agent, Citibank, NA., JPMorgan Chase Bank, NA., MUFG Bank, Ltd., RBC Capital Markets, Goldman Sachs Bank United States and HSBC Securities (United States) Inc., as co-syndication agents, Barclays Bank PLC, BNP Paribas, Deutsche Bank AG New York Branch, ING Bank NV, Dublin branch, Senior Financing Morgan Stanley, Inc., Sumitomo Mitsui Banking Company, The Bank of Nova Scotia and TD Securities (United States) LLC, as co-documentation agents, and BofA Securities, Inc.,
Citibank, NA., JPMorgan Chase Bank, NA., MUFG Bank, Ltd., RBC Capital Markets,
Goldman Sachs Bank United States and HSBC Securities (United States) Inc., as joint lead managers and bookkeepers, which Credit Agreement includes (i) a $ 4,000,000,000
Senior unsecured multi-currency revolving credit facility (the “Revolving Facility”) and (ii) a senior unsecured term loan facility of £ 500,000,000 (the “Term Loan Facility” and, together with the Revolving Facility, collectively the “Senior Credit Facilities”).

Senior credit facilities have a maturity date of January 7, 2027 (the due date “). Equinix may borrow, repay and re-borrow amounts under the Revolving Facility until the Maturity Date, on which date all amounts outstanding under the Revolving Facility must be repaid in full. Equinix
borrowed all of the £ 500,000,000 available under the term loan facility at the closing date. The term loan facility has no scheduled principal amortization and must be repaid in full on the maturity date.

A portion of the proceeds of the term loan facility were used to refinance outstanding debt under Equinix Credit agreement dated
December 12, 2017 (as amended, the “2017 Credit Agreement”). The remaining proceeds of the term loan facility and the proceeds of the revolving facility will be available to be used for working capital, capital expenditures, acquisitions, dividends, distributions, share repurchases, issuance of letters of credit and other general purposes. The revolving facility includes a $ 250,000,000 sub-limit for the issuance of stand-by letters of credit and bank guarantees. The revolving facility provides for credit extensions in United States Dollars as well as certain foreign currencies, including the euro, British pound, yen, Canadian dollars, Australian dollars, Hong Kong dollars, Singapore dollars, Swiss francs, Swedish krona and all other currencies which may be agreed from time to time by the lenders (each foreign currency, an “alternative currency”).

Loans under Senior Credit Lines denominated in we dollars will bear interest at (i) the SOFR term (defined as the forward rate of the forward-looking Guaranteed Overnight Funding Rate (“SOFR”) plus a SOFR adjustment), (ii) the daily SOFR (defined as SOFR plus a SOFR adjustment) ) or (iii) the prime rate (defined as the greater of (a) the fed funds rate (such rate being deemed to be zero if the fed funds rate is less than zero) plus 0.5%, ( wheat Bank of America
prime rate and (c) daily SOFR plus 1.00%, plus, in each case, a margin based on either Equinix consolidated net leverage ratio or Equinix business credit ratings S&P Global Ratings, Valuations Fitch Inc. and Moody’s Investors Service, Inc. (such corporate credit ratings, the “Credit Ratings” and this margin, the “Applicable Margin”). Borrowings under the senior credit facility denominated in an alternative currency will bear interest at a forward reference rate or at the overnight reference rate applicable to the relevant alternative currency plus the adjustment (if applicable), plus the applicable margin.

At the Closing Date, (i) under the Term Loan Facility, the Applicable Margin for borrowings at the Base Rate was zero and the Applicable Margin for all other borrowings was 87.5 basis points (0.875 %) and (ii) under the Revolving Facility, the applicable margin for prime rate borrowings was zero and the applicable margin for all other borrowings was 77.5 basis points (0.775%). A facility fee will be payable quarterly for the total amount of the Lenders’ commitments (regardless of use) under the Revolving Facility. Letter of credit fees are payable quarterly on the maximum amount

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available to be drawn under each letter of credit. Equinix is also required to pay certain fees to the Administrative Agent under the Senior Credit Facilities.

The credit agreement contains customary restrictive covenants, including a financial clause which requires Equinix to maintain, at the end of each fiscal quarter, up to a maximum ratio of consolidated net debt to consolidated adjusted EBITDA, as well as the usual events of default.

The foregoing description of the Credit Agreement is a summary only and is qualified in its entirety by reference to the Credit Agreement, a copy of which will be filed as an exhibit. Equinix Form 10-K for the completed year December 31, 2021.

Item 1.02 Termination of a Material Definitive Agreement

At January 7, 2022, Equinix prepaid all of the outstanding debt under the 2017 credit agreement using a portion of the proceeds of the term loan and terminated the 2017 credit agreement.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant

Please refer to the description of the Credit Agreement disclosed in section 1.01 above.

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Online loans via Ipass launch loan consolidation service https://kr2k.com/online-loans-via-ipass-launch-loan-consolidation-service/ Mon, 10 Jan 2022 23:47:19 +0000 https://kr2k.com/online-loans-via-ipass-launch-loan-consolidation-service/ Ipass Loans is a website dedicated to reducing the time and frustration of getting a short term loan, even if the borrower has bad credit references. The website contains links to a range of lenders who work with borrowers who may have difficulty securing a traditional loan. Ipass Loans is pleased to announce that its […]]]>

Ipass Loans is a website dedicated to reducing the time and frustration of getting a short term loan, even if the borrower has bad credit references. The website contains links to a range of lenders who work with borrowers who may have difficulty securing a traditional loan.

Ipass Loans is pleased to announce that its updated website contains information on several types of short term loans. The website offers all types of loans online with minimal application time and quick financing of the loan application. Depending on the time of day, there is even funding available on the same day. People who have been denied credit by traditional lenders will find Ipass’s services easy and convenient to use. Short-term loans include personal loans, payday loans, auto title loans, installment loans, cash advances, and loans for medical emergencies or other types of money-related emergencies. .

No matter how carefully a person budgets their income and expenses, urgent cash flow needs can arise. Examples include auto repairs, medical emergencies, and the like. Ipass helps match the specific needs of the borrower with the lender who can best meet those needs. The website aggregates loans for people with poor credit and other short term cash borrowing needs.

The loan amount depends on the type and particular circumstances of the borrower. As little as $ 100 or up to $ 5,000 are available from different lenders. There are types of loans that don’t require collateral or co-signers, and many loans don’t go through credit checks, making them especially attractive to people with disputed credit histories.

More information about the company is available at https://ipass.net/

An Ipass loan is convenient for several reasons. It is done entirely online. There is no need to take time off work or school. There is no need to leave home or office. Approval is quick, often within minutes. The customer service team is courteous and knowledgeable, able to answer questions accurately. The site contains all the information necessary to understand and apply for the type of loan best suited to the borrower’s needs.

About the Site:

Ipass Loans offers payday loans and other types of loans to borrowers with credit problems. Because the application is submitted online, the whole process can be simplified and shortened. Lenders mainly work with these borrowers so the application process is simplified.

Media contact
Company Name: Ipass loans
Contact: Orville L. Bennett
E-mail: Send an email
Call: (+1) 369-258-147
Address:2711 N Haskell Ave # 1800
City: Dallas
State: TX 75204
Country: United States
Website: https://ipass.net/

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daily mortgage rates on the rise this week | January 8, 2022 | Personal finance https://kr2k.com/daily-mortgage-rates-on-the-rise-this-week-january-8-2022-personal-finance/ Sat, 08 Jan 2022 10:00:30 +0000 https://kr2k.com/daily-mortgage-rates-on-the-rise-this-week-january-8-2022-personal-finance/ As well. take the time to learn about the different types of loans. While the 30-year fixed-rate mortgage is the most common type of mortgage, consider a shorter-term loan such as a 15-year loan or an adjustable rate mortgage. These types of loans often have a lower rate than a conventional 30-year mortgage. Compare the […]]]>

As well. take the time to learn about the different types of loans. While the 30-year fixed-rate mortgage is the most common type of mortgage, consider a shorter-term loan such as a 15-year loan or an adjustable rate mortgage. These types of loans often have a lower rate than a conventional 30-year mortgage. Compare the costs of everyone to see which one best suits your needs and your financial situation. Government loans – such as those backed by the Federal Housing Authority, the Department of Veterans Affairs, and the Department of Agriculture – may be more affordable options for those who qualify.

Finally, lock in your rate. Locking in your rate once you find the right rate, the right loan product, and the lender will help ensure that your mortgage rate does not increase until the loan closes.

Our mortgage rate methodology

Money’s Daily Mortgage Rates show the average rate offered by over 8,000 lenders in the United States for which the most recent rates are available. Today we’re posting the rates for Thursday, January 6, 2021. Our rates reflect what a typical borrower with a credit score of 700 can expect to pay on a home loan right now. These rates were offered to people with a 20% deposit and include discount points.

More money :


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Want an ‘average’ New Zealand home? You will need $ 1 million https://kr2k.com/want-an-average-new-zealand-home-you-will-need-1-million/ Wed, 05 Jan 2022 05:00:00 +0000 https://kr2k.com/want-an-average-new-zealand-home-you-will-need-1-million/ The past 12 months have been a banner year for the New Zealand housing market, new data from Corelogic confirms. The real estate data company’s December home price index shows prices nationwide rose 27.6% from 2021, a faster rate than the previous record high of 24.4%, reached in 2003. Prices rose 1.9% in December alone. […]]]>

The past 12 months have been a banner year for the New Zealand housing market, new data from Corelogic confirms.

The real estate data company’s December home price index shows prices nationwide rose 27.6% from 2021, a faster rate than the previous record high of 24.4%, reached in 2003.

Prices rose 1.9% in December alone.

The average New Zealand home value surpassed $ 1 million for the first time in the Corelogic Index in December, to $ 1.006 million.

READ MORE:
* New Zealand slips to third place in global house price increase index
* Housing market dynamics continue to weaken

Auckland prices rose 24.9% in 2021, Wellington prices 30.6% and Christchurch prices 38%.

Among the smaller centers, Rotorua’s prices grew the fastest at 18.2 percent during the year. Whangarei and Whanganui both saw price growth of over 9% in the last quarter of 2021.

CoreLogic NZ chief research officer Nick Goodall said the year had been “remarkable” and well beyond what had been expected. But he said, in retrospect, that the strong price growth made sense given the low interest rates and the ease and availability of credit for most borrowers throughout the year.

Price increases for Tauranga have slowed.

Christel Yardley / Tips

Price increases for Tauranga have slowed.

But he said those two factors were changing, not least because of changes to the law on credit contracts and consumer finance, which are forcing lenders to consider borrower requests more carefully. Mortgage brokers described it causing a “credit crunch” and said the changes had gone too far.

“While the changes clearly did not have an immediate impact on all borrowers, with values ​​still rising at above-average rates, they are expected to be felt more widely throughout 2022 as the rise lower interest rates and reduced affordability combine to reduce borrowing capacity, “he said.

Growth particularly slowed in Wellington and Tauranga at the end of the year. In Tauranga, annual growth was 35.8 percent in November, but it slowed to 30 percent in December, and in Wellington, it fell from 33.5 percent to 30.6 percent.

Queenstown prices fell 1.2 percent in December, to $ 1.6 million on average.

Christchurch has further growth potential, according to CoreLogic.

CHRIS SKELTON / Tips

Christchurch has further growth potential, according to CoreLogic.

Goodall said that even as growth slowed, there was still potential for an increase in some areas, such as Christchurch, where the average value of $ 744,661 was significantly lower than Wellington’s at $ 1.125 million, and d ‘Auckland at $ 1.426 million.

He said there had been an increase in listings available, which meant buyers had more choices and could lead to less price pressure. “Suppliers don’t have everything in their own way like they have over the past couple of years. “

He said the balance had not changed so much that sellers would immediately accept lower prices and there would be a “dead end” between buyers and sellers before sellers adjusted their expectations.

“Unless the seller is an investor looking to divest his portfolio due to reduced profitability, his willingness to accept less than his perceived value will also be low – at least for the start of 2022.”

He said house prices were unlikely to fall, even if interest rates rose significantly.

“High inflation leads to forecasts of a continued upward movement in the official spot rate (OCR). Westpac’s economics team, for example, predicts OCR will reach 2% by September 2022. But with responsible lending practices securing both equity (through loan-to-value restrictions) and The mortgage department (thanks to valuation interest rates) can handle the changing market, along with a strong labor market, the likelihood of forced sales or even motivated sellers remains low.


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Financial professionals offer post-pandemic planning https://kr2k.com/financial-professionals-offer-post-pandemic-planning/ Mon, 03 Jan 2022 06:36:13 +0000 https://kr2k.com/financial-professionals-offer-post-pandemic-planning/ By Emily Alvarenga Senior Signal Editor After another year of pandemic stress and tensions, many are setting themselves financial goals that are essential to get back on track in the New Year. It’s no surprise that more than half of 3,000 adults polled in a NextAdvisor poll in June said they felt very or somewhat […]]]>

By Emily Alvarenga

Senior Signal Editor

After another year of pandemic stress and tensions, many are setting themselves financial goals that are essential to get back on track in the New Year.

It’s no surprise that more than half of 3,000 adults polled in a NextAdvisor poll in June said they felt very or somewhat anxious about their finances.

However, as 2022 kicks off, there are certainly ways to set financial goals that you can actually stick with.

Whether you’re looking to start saving for your first home, pay off debt, or just build better spending habits, here are some tips from the financial experts to help you do that.

Avoid creating goals that are too extreme

While it may be easy to feel that you need to hit all of your financial goals at once, after two such hectic years, financial advisors Patti Handy, Senior Mortgage Advisor, and Jerrod Ferguson, Vice President of Vance Wealth, highlight guard against biting more than you can chew and keep your financial goals reasonable.

Handy suggests picking two goals and focusing on them, adding that instead of fighting over missteps, just keep staying motivated in the face of challenges that present themselves.

She also suggests confiding in someone you can talk to openly to help you stay responsible, whether that is a friend, family member, or financial advisor.

Make it emotional

While emotion and habits play an important role in your actions, it’s the emotion that drives you to take action, according to Erick Arndt, financial advisor at Virtue Wealth.

Understanding why you are creating those financial goals will help you put the right habits in place until it becomes almost subconscious, Arndt said.

Handy agreed, adding that while it can be difficult to change that mindset, it is important to have this “why” tied to emotion.

Whether it’s because you want stability, peace of mind, or to be able to give back, it has to be something that is a trigger for you, Handy said.

Handy said it’s also helpful to have it written and posted somewhere so you don’t lose focus.

Find out where your money is going

Information is power, and Ferguson said the first step to building better spending habits is to look at last year’s finances and see where your money has gone.

Most credit cards and banks give annual statements, so getting the information you need shouldn’t be difficult and can be an eye-opener for many as it’s often overlooked, Handy said.

All three suggest creating a spending plan using your last year’s financial expenses as a basis.

Rather than setting a budget, create a spending plan, which Handy described as a license to spend money where you decide exactly what you want to spend your money on.

And while creating that plan is important, taking the pulse regularly and continuing to track your spending is more important because it can help with future spending decisions, Ferguson added.

Ferguson also suggests getting an update on all debts and accounts, including investments or retirement funds, as well as your credit report, which is offered free of charge each year by every major credit bureau.

Learn to live below your means

Arndt likens a living paycheck to a paycheck to driving a car at 5,000 rpm continuously – it will eventually break down, just like you can’t spend all you earn.

While the goal is to save 20% of each paycheck, Arndt suggests starting with $ 25 and working your way up.

Likewise, Handy suggests paying yourself first, that is, saving before paying off your debts, which she says is a habit of the rich.

Withdrawing that money directly from your audit is crucial to making sure you keep your pledge and can allow you to breathe in an emergency, Handy added.

Pay off the debt

The first step to paying off debt is to sit down and assess your finances to determine what is getting you in debt, said Greg Mahnken, credit industry analyst at Credit Card Insider, and Arndt and Handy both agreed.

Whether you choose the avalanche method, where you direct any extra money to pay off the loan with the highest interest rate, or the snowball method, where you invest that extra money towards the smaller balance, first you need to make sure that all of your accounts are in good standing and that you are making all of your minimum payments, according to Mahnken and Handy.

Each method has its advantages, but whichever one you choose, avoid spending on accounts while trying to pay off your debts because it’s easy to pay off, but it really compromises your progress, Mahnken added. If this is difficult, Mahnken suggests putting your card in a safe.

According to Mahnken and Handy.

Do the math including fees to make sure you end up saving money, Mahnken added, noting that the fees are often cheaper than the interest you would pay.

Mahnken also suggested reading your card terms, as late payment can often void your offer.


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Home improvement loan: expectations vs. Reality https://kr2k.com/home-improvement-loan-expectations-vs-reality/ Fri, 31 Dec 2021 22:31:12 +0000 https://kr2k.com/home-improvement-loan-expectations-vs-reality/ In light of the current global turmoil, we can all agree that a good home improvement loan is a good idea. People can now consider buying a home and financing it with a home loan. However, when it comes to applying for a mortgage, there are many misconceptions. For lack of information, many beliefs persist. […]]]>

In light of the current global turmoil, we can all agree that a good home improvement loan is a good idea. People can now consider buying a home and financing it with a home loan.

However, when it comes to applying for a mortgage, there are many misconceptions. For lack of information, many beliefs persist. Read on so we can cover everything from what mortgage lenders expect to the reality of mortgage lending.

Some typical myths regarding home improvement construction loans are described below and the reality behind these myths:

  1. Low Income Cannot Acquire A Home Improvement Loan

For the most part, banks and other financial organizations do not lend money to people with low to moderate incomes.

Many people think that people who earn their money in cash cannot get a home improvement loan. In the past, financial institutions have tended to overlook earning families. They may be making a lot of money, but financial institutions are reluctant to lend to this group due to the informal nature of their business.

It is always best to check what financial institutions in your area are offering for home loans. For example, if you’re in Florida and applying for a Florida home improvement loan, research the options that might meet your needs.

  1. Many documents are always needed

A lot of people thought that they had to submit a lot of documents to home loan experts for a home improvement loan to be approved. But this is not true. Another common misconception is that obtaining a loan requires submitting many documents. Ultimately, the most important factor in getting credit is a good FICO score.

Recognition of all advanced applications is considered a prerequisite. Either way, it’s a well-known story. Having a good FICO score does not guarantee that you will be approved for a home loan. Various things determine whether or not a borrower is approved for a home loan, including the borrower’s monthly income, monthly consumption percentage, and other obligations. Then home promotions are approved.

  1. Loans are guaranteed to be approved if you have a good credit rating

High credit scores are among the most important considerations in obtaining many loans. Some lenders believe this is the most important factor in all home loan applications.

This is a misconception, however. Having a good credit rating does not guarantee that you will be approved for a home loan. The approval of home loans depends on other aspects including the borrower’s monthly income, monthly expense ratio, outstanding commitments, etc.

You don’t need a good or a high credit score to get most loans. Bad credit doesn’t always mean you can’t get a loan, as lenders often consider the borrower’s ability to repay the amount.

  1. The best option is a low interest loan

A reduced interest rate does not guarantee the best rate for the borrower. Several elements contribute to the total cost, including additional costs. There are other important factors that a mortgage borrower needs to consider, such as the initial loan processing fee, the time it takes to complete the loan, transaction costs, legal fees, and more.

However, some lenders do not impose additional fees on their consumers, and this is how they can offer their clients the best deal.

  1. Taking a new loan to pay off an old one is part of the process of changing lenders

Many mortgage borrowers believe that if they change banks, they will have to start over and pay off their debt. You can find a breakdown of your loan principal and interest payments in the “Home Loan Amortization Plan”.

It’s important to know how much money you still owe your old bank or financial institution and how many months you have left to pay it off before you switch banks.

  1. They saved enough for a down payment

This seems to be the most “surprising” element for many newbies. In addition, it is one of the most difficult to convey, especially for real estate lenders. As a result of years of savings, individuals can assume that they have a substantial down payment, but it is less than necessary.

They often have their hearts set on a home that is financially beyond their reach. Additionally, they may have overlooked stress testing procedures. If you are looking to buy and upgrade your home for less than $ 500,000, you will need to pay at least 5%. To prevent your mortgage from being classified as a high ratio loan and requiring mortgage insurance, a 20% down payment is best.

  1. Owning a home won’t cost more than renting one

Most of the time that is not true. Homeownership comes with a lot of responsibilities, which many people overlook. This includes property taxes, insurance and home maintenance.

For this reason, we constantly recommend first-time buyers to sit down and “practice” the extra pressures and expenses. Assessing your financial preparation for homeownership now can save you time and headaches in the long run.

  1. We will take anything in any price range, as long as we can pay for it on time

This is not a wise or recommended course of action. Pick a price that will allow you to afford home improvement and upgrade projects, such as new flooring, new windows, and new doors. You can significantly reduce the amount of money you borrow by looking for properties that still meet your needs but may require a bit more work. You can save money in the long run if you are prepared to look at various properties.

  1. An increase in interest rates leads to an increase in monthly payments

When you hear that interest rates are going up, the first thing that comes to your mind is that you will have to pay a higher monthly IME. However, this is not the case at all and

In most cases, home loans have variable interest rates due to their longer term of 15 to 20 years. Based on the repo rate set by some banks, the interest rates charged by financial institutions for lending money are determined.

Final words

Homeowners’ expectations rarely match what they get when they take out home improvement loans. While some areas of their knowledge may be lacking, there are others that we have discovered that they may not be aware of. This business is constantly changing, which makes it difficult to stay consistent in everything. Consider consulting a mortgage broker if you have any questions, concerns, or just want to anticipate during the loan process.


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Horizonte Minerals PLC Announces Documentation of Senior Debt Facility https://kr2k.com/horizonte-minerals-plc-announces-documentation-of-senior-debt-facility/ Wed, 29 Dec 2021 07:11:17 +0000 https://kr2k.com/horizonte-minerals-plc-announces-documentation-of-senior-debt-facility/ LONDON, UK / ACCESSWIRE / December 29, 2021 / Horizonte Minerals Plc, (AIM: HZM) (TSX: HZM) Brazil-focused nickel company is pleased to announce that it has signed loan documents for its previously announced senior secured project finance facility (September 30, 2021) in the amount of $ 346.2 million of dollars (the “senior debt facility”) between […]]]>

LONDON, UK / ACCESSWIRE / December 29, 2021 / Horizonte Minerals Plc, (AIM: HZM) (TSX: HZM) Brazil-focused nickel company is pleased to announce that it has signed loan documents for its previously announced senior secured project finance facility (September 30, 2021) in the amount of $ 346.2 million of dollars (the “senior debt facility”) between Araguaia Niquel Metais LTDA as Borrower and syndicate of international financial institutions, the Lenders (BNP Paribas, BNP Paribas Fortis, ING Capital LLC, ING Bank NV, Natixis, New York Branch, Société Générale and Swedish Export Credit Corporation). The documentation covers the facilities provided by the international financial institutions listed above. The current documentation with the two export credit agencies should be finalized at the beginning of the first quarter of 2022. The first drawdown under the senior debt facility should take place in the fourth quarter of 2022 following the satisfaction of certain conditions precedent. usual for financing of this nature, including the issuance of guarantees from export credit agencies.

Endeavor Financial acts as financial advisor and Norton Rose Fulbright LLP acts as legal advisor to the Company.

For more information visit www.horizonteminerals.comor contact:

Horizonte Minerals plc
Jérémy Martin (CEO)
Anna Legge (Corporate communication)

info@horizonteminerals.com
+44 (0) 203 356 2901

Peel Hunt (NOMAD & Joint Broker)
Ross allister
David McKeown

+44 (0) 20 7418 8900

BMO (Co-Broker)
Thomas cavalier
Pascal Lussier Duquette
Andrew Cameron

+44 (0) 20 7236 1010

About Horizonte Minerals:
Horizonte Minerals plc (AIM and TSX: HZM) is developing two 100% owned Tier 1 projects in Parà State, Brazil – the Araguaia Nickel Project and the Vermelho Nickel-Cobalt Project. Both projects are large-scale, high-quality, low-cost, low-carbon and scalable. Araguaia is ready to be built and will produce 29,000 tonnes of nickel per year to supply the stainless steel market. Vermelho is at the feasibility study stage and will produce 25,000 tonnes of nickel and 1,250 tonnes of cobalt to supply the market for electric vehicle batteries. Horizonte’s short-term combined production profile of over 50,000 tonnes of nickel per year positions the Company as a world-class nickel producer. Horizonte is developing a new nickel district in Brazil that will benefit from established infrastructure, including hydroelectric power available in the Carajás mining district.

CAUTION REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact concerning the Company, certain information contained in this press release constitutes “forward-looking information” under Canadian securities laws. Forward-looking information includes, without limitation, the ability of the Company to complete the acquisition as described herein, statements regarding the potential of the Company’s current or future mining projects; the success of exploration and mining activities; the cost and timing of future exploration, production and development; the estimation of mineral resources and reserves and the Company’s ability to meet its objectives for the growth of its mineral resources; the Company’s ability to complete the Offering as described herein, and the achievement of mineral resource and reserve estimates. Generally, forward-looking information can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “expected”. , “Estimates”, “anticipates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or statements that certain actions, events or results “Could”, “could”, “could”, “could” or “will be taken”, “occur” or “be reached”. Forward-looking information is based on management’s reasonable assumptions, estimates, analyzes and opinions made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that management considers relevant and reasonable in the circumstances at the date on which such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual results, level of activity, the performance or achievements of the Company are materially different from those expressed or implied by such forward-looking information, including, but not limited to, risks related to: the inability of the Company to complete the acquisition as described herein, exploration and mining risks, competition from competitors with greater capital; the Company’s lack of experience with mining operations in the development phase; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other permits; the Company’s future payment obligations; potential disputes regarding the title of the Company and the size of its mining concessions; the Company’s dependence on its ability to obtain sufficient funding in the future; the Company’s dependence on its relations with third parties; the Company’s joint ventures; the potential for currency fluctuations and political or economic instability in the countries in which the Company operates; fluctuations in exchange rates; the Company’s ability to effectively manage its growth; the trading market for the Company’s ordinary shares; uncertainty regarding the Company’s plans to continue to develop its operations and new projects; the Company’s dependence on key personnel; the possible conflicts of interest of the directors and officers of the Company, the inability of the Company to carry out the Placement under the conditions described herein, and the various risks associated with the legal and regulatory framework in which the Company operates. Although the management of the Company has attempted to identify important factors which could cause actual results to differ materially from those contained in the forward-looking information, other factors may cause results not to be as anticipated. , estimated or planned. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

This information is provided by RNS, the information service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as the main information provider in the UK. General conditions relating to the use and dissemination of this information may apply. For more information, please contact rns@lseg.com or visit www.rns.com.

THE SOURCE: Horizonte Minerals SA

See the source version on accesswire.com:
https://www.accesswire.com/679995/Horizonte-Minerals-PLC-Announces-Senior-Debt-Facility-Documentation


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FHA Requirements and Guidance (podcast) https://kr2k.com/fha-requirements-and-guidance-podcast/ Mon, 27 Dec 2021 12:57:18 +0000 https://kr2k.com/fha-requirements-and-guidance-podcast/ FHA Loan Program ‘Amazing’ For First-Time Home Buyers If you are looking to buy your first home, an FHA loan can help you do that. These loans tend to be easier to obtain than conventional finance, and they also offer low down payments. Mortgage consultant Ivan Simental recently took a look at this “incredible loan […]]]>

FHA Loan Program ‘Amazing’ For First-Time Home Buyers

If you are looking to buy your first home, an FHA loan can help you do that. These loans tend to be easier to obtain than conventional finance, and they also offer low down payments.

Mortgage consultant Ivan Simental recently took a look at this “incredible loan program,” as he puts it, in an episode of The Mortgage Reports podcast.

Are you considering an FHA loan for your home purchase? Here’s what you need to know:

Check your eligibility for the FHA loan. Start here (December 27, 2021)

Listen to Ivan on the Mortgage Reports Podcast!


Conditions for obtaining an FHA loan

If you want to buy a home or refinance with an FHA loan, you will need to meet some basic requirements set by the Federal Housing Administration. Keep in mind that these are basic FHA requirements and in practice the rules may vary from mortgage lender to mortgage lender:

  • 580 minimum credit score in most cases
  • 3.5% minimum deposit
  • Debt-to-income ratio less than 50%
  • Two-year stable income and employment history

Your mortgage lender will verify your eligibility when you apply by verifying documents (like bank statements and tax returns) and extracting your credit score and credit reports.

The home you buy must also meet FHA requirements.

The FHA allows financing of 1, 2, 3, and 4-unit homes, provided the borrower uses the property as their primary residence. In addition, the house must meet basic safety and habitability standards. And your loan amount must be within the local FHA loan limits.

Check your eligibility for the FHA loan. Start here (December 27, 2021)

Credit score matters for FHA loans

With FHA loans, there are different ranges of credit score. Which bracket you fall into will determine your down payment, interest rate, and whether you qualify for an FHA loan.

Here is how these parentheses are distributed:

  • 500 to 579: You will need a 10% down payment and can expect the highest interest rates
  • 580 to 639: You will need a deposit of 3.5%. If you have at least a 620, you will get much better interest rates than the previous installment
  • 640 to 679: You will need a 3.5% down payment, and as Simental says, “You will get much better interest rates, and the financing terms are just much more favorable.”
  • 680 and more: You will need a 3.5% deposit and should consider a classic loan instead

“A 680 is where you really, really want to start taking a look at conventional financing,” says Simental.

“I wouldn’t want you to stay on an FHA loan for the duration of your loan. If you have a FICO score of 680 or higher, definitely ask your lender if you can qualify for conventional financing just because it’s a better program for you overall.

Options for FHA down payment and closing cost assistance

Worried about covering that down payment? There are many options with FHA loans.

On the one hand, you can use a down payment assistance program. These are often offered through national and local housing agencies or non-profit organizations and may cover some or even all of your down payment and closing costs.

You can also:

  • Get help from a family member. Just note that the aid must be a real gift – not a loan – and be properly documented
  • Ask your real estate agent to contribute. FHA allows realtors to contribute all or part of their commission towards a buyer’s down payment or closing costs
  • Use loans from lenders. This means that the lender covers some or all of your costs. In exchange, you usually pay a slightly higher interest rate.

If you go for the latter, you would take a higher interest rate and then the lender would contribute money towards your closing costs. As Simental explains, “Yes, your payment will go up a bit, but you have to come with no money out of your pocket. “

Buyers should plan to refinance into a conventional loan in a few years if they choose this route. This will allow them to get out of that higher payment and lower their interest rate.

Also note that the FHA is not the only type of home loan that offers down payment assistance. You can use gift money, lender credits, and / or seller credits with just about any mortgage program. For more information, learn about closing costs and how to reduce them.

Get matched with a mortgage. Start here (December 27, 2021)

Expect mortgage insurance

All FHA loans require mortgage insurance, which protects the lender in the event of default on the loan. The exact amount of insurance you will pay depends on your down payment, the length of the loan, and the amount of the loan. But each year it usually varies between 0.45% and 1.05% of your loan balance. Your premiums are spread over the year and added to your monthly mortgage payment.

There is also an initial mortgage insurance premium fee charged by the FHA. This equates to 1.75% of the loan amount, but most borrowers do not pay it upfront. Instead, they factor it into their loan balance.

In some cases, you may be able to cancel your mortgage insurance after 11 years; in others, it may be permanent for the life of the loan.

“If you put more than 10% less, your mortgage insurance will drop after 11 years,” Simental says. For those with a smaller down payment, “you will need to refinance into a conventional product once you have earned the 20% equity in your home. “

If you are using Social Security or Disability income to qualify for your FHA loan, there is a good benefit. According to Simental, these salaries are “increased” – or rounded – by 25%. So if you receive $ 1,000 in payments, that will be grossed up by $ 1,250 instead.

“It’s pretty cool because it gives you that extra income for qualifying purposes,” Simental says.

DACA recipients are also eligible

As of January 19 of this year, recipients of the DACA program are now eligible for FHA funding like any other U.S. citizen. Before that, DACA home buyers could only use conventional loans, which are much more difficult to obtain.

“That makes it really great for people who are recipients of DACA,” Simental says. “They can take advantage of FHA financing with lower FICO scores and still be able to access homeownership.”

Using an FHA Loan? Also have a long term plan

According to Simental, FHA loans should be viewed as a “bridging loan” – a stepping stone to conventional financing, which is much more affordable and may have lower rates.

For this reason, it is important that FHA borrowers have a plan of action.

“You should come up with a two, three, or four year plan to get out of that FHA loan and switch to a conventional product,” Simental explains.

If you are unsure of how to proceed, talk to your loan officer before finalizing your loan application. You will want to be sure that there is a clear path to get out of your FHA loan and get a more affordable conventional mortgage.

Get more help with FHA loans

Want to learn more about how to qualify for an FHA loan? Need advice or support in financing? Contact a mortgage broker, loan officer, or financial advisor for help. They can point you in the right direction for your unique goals and budget.

Show me today’s rates (December 27, 2021)

The information on The Mortgage Reports website is provided for informational purposes only and does not constitute an advertisement for any products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, its parent company or its affiliates.


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Student credit card scheme for higher education in Jharkhand https://kr2k.com/student-credit-card-scheme-for-higher-education-in-jharkhand/ Fri, 24 Dec 2021 18:42:15 +0000 https://kr2k.com/student-credit-card-scheme-for-higher-education-in-jharkhand/ The project will be announced by Chief Minister Hemant Soren at a ceremony marking two years of the UPA government led by JMM on December 29. Animesh Bisoee | Jamshedpur | Posted on 12/25/21, 12:12 AM The government of Jharkhand took inspiration from Bengal to ensure that students pursue higher education through a credit card […]]]>

The project will be announced by Chief Minister Hemant Soren at a ceremony marking two years of the UPA government led by JMM on December 29.



Animesh Bisoee

|

Jamshedpur

|
Posted on 12/25/21, 12:12 AM


The government of Jharkhand took inspiration from Bengal to ensure that students pursue higher education through a credit card system.

The project, which is being finalized by the Jharkhand Higher and Technical Education Department, will be announced by Chief Minister Hemant Soren at a ceremony marking two years of the UPA government led by JMM on December 29.

“The student credit card system is loosely based on the Bengal model. The draft would be presented to the Assembly’s budget session for a formal nod in February-March next year. The ministry is working on the details of the project. This move is intended to benefit tribal students who are struggling to obtain student loans, ”said a senior official in the higher and technical education department.

When launching the Marang Gomke Jaipal Singh Munda Study Abroad Scholarship Program for Tribal Students in Ranchi in September this year, Hemant said the government was working on plans to make it easier for people to study for higher education. other communities as well.

“Lack of education is the root cause of most of the problems facing the state. Our government is working to help students from other communities pursue higher education, whether at home or abroad, ”Soren said during the function.

Under the student credit card program, the government will help students obtain a subsidized loan of up to Rs 10 lakh for higher education using a credit card.

“A student must be a resident (domicile) of Jharkhand to benefit from the program. The student’s age limit will also be set for the scheme. The student will have a mandate to repay the subsidized loan, which can eventually be 15 years.

“In an improvement over the Bengal program, Jharkhand’s credit card program will also benefit students studying at various coaching institutes across the country to prepare for national level competitions such as civil service, engineering, medicine and business management, “said a source. in the office of the chief minister.

The Bengal Student Credit Card Program, which was launched in June of this year, financially supports students by offering them up to 10 lakhs of unsecured loan at a simple interest rate of 4%. A one percent interest concession will be granted to the borrower if the interest is fully paid during the study period. The repayment period is 15 years for any loan used under the scheme.

Loans for tribal students

The Tribal Advisory Council subcommittee decided to visit tribal-dominated states such as Chhattisgarh, Madhya Pradesh and Odisha to study how tribal students obtain education loans. The subcommittee headed by top JMM leader and MPP Stephen Marandi agreed that due to the ban on buying and selling tribal lands due to the CNT and SPT law, tribals are having difficulty in take out loans for education.


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How I increased my credit score by 90 points even with late payments https://kr2k.com/how-i-increased-my-credit-score-by-90-points-even-with-late-payments/ Thu, 23 Dec 2021 14:31:42 +0000 https://kr2k.com/how-i-increased-my-credit-score-by-90-points-even-with-late-payments/ Checking my credit report was the first step in increasing my credit score by 90 points. My mom helped me increase my credit by 48 points by making me an authorized user on her credit card. Tying recurring bills to a secured credit card has helped me get on-time payments on my credit report. Read […]]]>
  • Checking my credit report was the first step in increasing my credit score by 90 points.
  • My mom helped me increase my credit by 48 points by making me an authorized user on her credit card.
  • Tying recurring bills to a secured credit card has helped me get on-time payments on my credit report.
  • Read more stories from Personal Finance Insider.

During a time of financial hardship, I missed 29 payments on four different credit cards and one personal loan. I thought my credit would never get better and I never wanted to check my credit report again.

Having bad credit can make you lose hope for the future. I put aside my dreams of home ownership and one day starting my own business because I thought it would never happen to me, given all my mistakes in the past.

Years later, I learned that America’s credit scoring system is designed to perpetuate the economic inequalities experienced by immigrants, people of color, and people of diverse genders. Once I finally stopped blaming and punishing myself for my past, I was able to take seriously looking for solutions that would fix my credit.

Here are four simple strategies that helped me increase my score by 90 points after 29 late payments.

1. I checked my credit report

I know this sounds really basic, but a lot of people just focus on their credit score instead of combing through their actual credit report. Your credit report has detailed information on why your score is what it is, and it can help you focus on solutions instead of focusing on numbers.

According to Consumer Reports research, a third of Americans have found errors in their credit reports. You can check your full credit report for free once a year, but during the pandemic the three major credit bureaus, Equifax, TransUnion, and Experian, allow consumers to check their credit reports every week until April. 2022.

Getting absolute clarity on what’s on my credit report has helped me develop a detailed game plan. It also helped me understand which spending habits were the most toxic to my financial health. It surprised me to learn that a $ 1,000 debt on a store credit card was doing more damage than a five-figure student loan.

I have also learned that late payments will decrease my credit rating seven years from the original date of the default. It sounds like a long time, but I just rephrased those seven years as a deadline to save for a down payment on a house and learn more about getting a mortgage.

2. I have declared my rent payments

When I lived in New York, I paid rent to my landlord through a digital platform. There was a little box that said “Report my rent payments to the credit bureaus” that I ticked off each month.

Honestly, I wasn’t quite sure what that phrase meant until recently, when I found out that mortgage lenders would now take into account on-time rent payment history when considering a loan application. borrower. Checking a simple box on my digital rent payment platform has helped me build credit without borrowing more money.

If you’re paying your rent digitally, it’s likely that reporting your rent payments to credit bureaus is already an option available to you. Alternatively, or if you pay your rent using paper checks, you can use services like Rent Reporters and Esusu to add your rent payments to your credit report for less than $ 10 per month.

3. My mom made me an authorized user on her credit card, which reduced my credit usage rate

One of the factors that can dramatically lower credit scores is your credit utilization rate: the amount of credit you use versus the amount of money you are allowed to borrow.

For example, if your credit limit is $ 10,000 and you have a balance of $ 1,000, your credit utilization rate is 10%. On the flip side, if you spent $ 9,500 of your $ 10,000 limit, your credit utilization rate would be 95%. A high credit utilization rate can lower your credit score.

After a medical emergency, my mom made me an authorized user on her credit card, which meant I had a new card in my name under her credit line. Because my mother has good credit and higher income, the card in my name had a limit of $ 12,000. I don’t use the credit card at all. My credit report now shows that my credit usage is 2%.

Helping my mom increased my credit score by 48 points – the biggest boost of these four strategies. I know asking a family member or friend isn’t an option for everyone, but I hope it encourages those of you who see a family member or friend struggling with bad credit to reach out.

4. I used a secure credit card for recurring expenses

After all of those late payments, getting a regular credit card with great rewards was no longer an option for me. I did my research and learned that secured credit cards, credit cards backed by an advance security deposit, would be a great way to help me rebuild my credit.

My secure credit card has a limit of $ 200, and I linked it to automatically pay for my internet and


car insurance

Invoice. I pay off these balances religiously, and my credit report now has payments on time to balance old delays. Using a secured credit card increased my credit score by nine points in three months.


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