On Monday, a report in Bloomberg said Patriot had secured financing ahead of a bankruptcy filing that could come that same day.
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In the triparty repo market, primary dealers and other large banks and broker-dealers obtain very large amounts of secured financing from money funds and other short-term, risk-averse investors.
Because they are considered high-risk and require high capital expenditure ( unlike Internet technologies which are very cheap and practically commoditized), banks are reluctant to finance them unless they are able to find government-secured financing.
These figures were released on a preliminary basis in order to facilitate communication with investors surrounding the proposed senior secured loan financing transaction.
According to a Journal story last October, the Egyptian militant Muhammed Jamal Abu Ahmad last year secured Yemeni financing and asked for al Qaeda recognition.
CropDesign, a Belgian plant genetics company, has secured private financing by appealing to the handful of venture capitalists with enough experience of agricultural biotechnology not to be rattled.
Further, six innovative energy projects have received conditional loan guarantee commitments from the DOE and secured developer financing, but, because the OMB will not consider loan guarantee funding to be obligated until loans have closed, these projects, too, will be cancelled.
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On Wednesday, company executives said they expect to have a financing plan secured by early summer, and leases for the 2.7 million-square-foot mall will come together from there.
He also calls for creating work permits for foreign entrepreneurs who have secured U.S. financing and for specialized foreign workers in national-security science and technology labs.
Through its banking subsidiaries, Whitney engages in commercial and retail banking and in trust business, including the taking of deposits, the making of secured and unsecured loans, the financing of commercial transactions, the issuance of credit cards, the delivery of corporate, pension and personal trust services, investment services and safe deposit rentals.
The bankers have balked at his terms and the financing is yet to be secured.
However, financing for the railway has reportedly been secured from a New Zealand lender.
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Because it is secured, a bigger mortgage is a cheaper way of financing home improvements or holidays than an ordinary bank loan.
Lobbying secured an offer to switch Brazil's export-financing effort towards non-Mercosur markets.
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