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BlueOval SK. The US government has given its final approval for a multi-billion-dollar low-cost loan to BlueOval SK LLC, the US-based electric vehicle (EV) battery manufacturing joint venture between South Korea’s SK On Company and Ford Motor Company, to help fund the construction of battery manufacturing capacity in the country. The outgoing Biden administration finally … Read more
The Transactions Contemplated by the Agreement Would (a) Reduce the Company’s Current Outstanding Debt Obligations from an aggregate principal amount of $231 Million to, collectively, (i) an up to $110 Million Term Loan, (ii) an up to $50 Million Non-Interest Bearing Exit Fee and (iii) a $12.5 Million Super Senior Credit Facility, (b) Decrease the … Read more
1979 was a critical year for the economic, political, and diplomatic development between China and Japan. During his visit to China, then-Japanese Prime Minister Masayoshi Ōhira explicitly stated that Japan would support China’s reform and opening-up efforts. Subsequently, Japan formally began providing government development loans to China, primarily in yen. In December 2007, China and … Read more
In an evolving mortgage market, mergers and acquisitions could give mortgage company owners opportunities to achieve growth and avoid challenges. In a three-part podcast series, Dan Hanson, the executive director of enterprise partnerships and acquisitions at loanDepot, answers three key questions for owners: When is a good time to sell my company? How do you … Read more
Small business and small farm loans decreased in 2023 as interest rates rose and lending standards tightened, according to three federal banking agencies with responsibilities for the Community Reinvestment Act (CRA). Compared to 2022, the number of small business loans originated decreased by 5.1% and the number of small farm loans originated decreased by 5.6%, … Read more
This article is a joint publication of In These Times and Truthout, a nonprofit news organization dedicated to providing independent reporting and commentary on a diverse range of social justice issues. A group of student loan borrowers aged 50 and up traveled from around the country to Washington, D.C., on December 11, setting up rocking chairs outside the Department … Read more
WASHINGTON — With 35 days until President-elect Donald Trump is inaugurated, the U.S. Energy Department announced Monday a $9.63 billion loan to build three electric vehicle battery plants. What You Need To Know The U.S. Energy Department announced Monday a $9.63 billion loan to build three electric vehicle battery plants The loan will go to BlueOval … Read more
David Shepardson | Reuters Inside look: Michigan Central Station restoration After a six-year restoration by Ford Motor Co., Michigan Central Station is reopening to the public on June 6, 2024. Here’s an inside look. Detroit Free Press Staff WASHINGTON — The U.S. Energy Department said Monday it has finalized a $9.63 billion loan to a … Read more
As the festive season approaches, leading non-bank lender Banjo Loans is turning its focus towards the new year and the steps SMEs can take to ensure their success in 2025. Banjo Loans CEO Guy Callaghan has shared his “New Year Wish List” aimed at providing essential relief for small and medium-sized enterprises (SMEs) and supporting … Read more
In November 2024, the Dealertrack Credit Availability Index revealed a notable improvement in auto credit access across all channels and lender types. The All-Loans Index reached 95.4, marking a 1.0% increase from October and a 0.8% rise year over year. This is the highest level of auto credit access since October 2023. Dealertrack Credit Availability … Read more