Capital

Valaris plc enters into $ 500 million DIP term credit agreement

LONDON, September 28, 2020 / PRNewswire / – Valaris plc (OTC: VALPQ) (“Valaris” or the “Company”) announced today that, on September 25, 2020, the company has entered into a $ 500 million Debtor in Possession Term Loan Agreement (“DIP”) with certain of its Noteholders. This agreement was executed after receiving …

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Why Plan Sponsors Should Treat Loans Like Investments | EBA

When the coronavirus outbreak turned into a COVID outbreak followed by lockdowns in many states, Congress stepped in to help by passing the Coronavirus Aid, Relief and Economic Security Act with broad support. . The first provisions of the CARES Act (and now likewise included in the Consolidated Appropriation Act) …

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Paul Konchesky: A look at loans

With West Ham United’s young people on loan in the last few weeks, the football academy coach Paul Konchesky speaks to us through his role as loan director of the academy. Based in Chadwell Heath, Konchesky is ensuring that the next generation of young aspiring stars gain valuable experience in …

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Giant U.S. Banks Sued for Unfair PPP Mortgage Processing Practices

JPMorgan Chase, Wells Fargo, Financial institution of America (BofA) and US Financial institution have every been the topic of sophistication actions introduced in opposition to them by small companies alleging unfair practices of their dealing with of Paycheque Safety Program (PPP) loans, by Bloomberg. REUTERS / Rebecca Cook dinner The …

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