Dynegy's $1.7 Billion Loan to Refinance Rises in Trading BusinessWeek
(Updates with loan details in third paragraph.)
Aug. 4 (Bloomberg) -- Dynegy Inc., the third-largest independent U.S. power producer, sold $1.7 billion in loans to refinance debt.
The five-year debt, sold to investors at 98 cents on the dollar, began trading at 98.5 cents, according to information provider Markit Group Ltd.
The deal includes $600 million of term loans for the Houston-based company’s coal unit and a $1.1 billion for its natural gas unit. Both loans pay 7.75 percentage points more than the London interbank offered rate and the lending benchmark has a 1.5 percent minimum, according to data compiled by Bloomberg.
The debt, arranged by Credit Suisse Group AG and Goldman Sachs Group Inc., isn’t callable in its first two years, the data show.
Lenders got call protection of 102 cents and 101 cents in years three and four, meaning that Houston-based Dynegy would have to pay two cents more than face value in the third year and one cent more than face value in the fourth year to refinance the debt. The company may refinance the debt at face value in its final year
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Mortgage Refinance and Debt Consolidation
Mortgage refinancing and debt consolidation are great ways to reduce your monthly payments, save money on interest, and free up money to spend on ...
refinance?
what are the steps and/or qualifications to refinance a used car?
Your credit
year - make model
Your one line question, sorry to say can only provide a short answer.
http://www.creditunion.coop/
Find your local credit union and apply. I don't suggest extending the term on the car, even if they will, hopefully a rate reduction will help.
How fast should i refinance my car loan?
Car loan is 17000 dollars apr is 17 %.
Dealer told me that i can refinance in 4-6 months, but i think he lied to me. Bank told me that i can refinance only once.
So 4 months passed.
SHould i try to refinance it or wait at least 12 months???
Thank you.
At that apr and assuming the 17000 was the value of the car, you will be "upside-down" for 2-3 years, i.e., your car will be worth less than the loan balance. Make double--even triple--payments as you can, or you will need thousands to refinance.
Is it possible to refinance your home and include your car loans and credit card debt in the refinance?
With no money down? This is our first home and we've owned it for 4 years and looking to refinance.
Very bad idea. You take unsecured credit card debt and a car loan and put that all into your mortgage and you'll be paying on it for the next 30 years. Stringing it out means you'll pay a lot more interest.
Many people do this but turn around and run the credit cards right back up. And of course, you will need to buy a new car long before that mortgage is paid off. Now you have that bigger mortgage and all theother debt. If you can't keep up, you could lose your home.
If you refinance, do it to lower your interest rate. That will lower your payment and free up cash to throw at that credit card debt.
Why don't you sell your car to pay for your credit cards?
Is there a new refinance program that forgives negative equity and refinances the house at current value?
I heard about some new government loan where if your home has dropped in value, the government will absorb the depreciation and refinance your house at its current market value. I just bought my first house in August of 2008 for $275,000 which was a foreclosure and the other foreclosed homes surrounding me are now being offered in the $240,000 range. So in 4 months I've already lost around $35,000 in value.
buddy....there are many refinance program online sources where you can get full of information and also get the refinance loan at lower mortgage interest rates and reduce your negative equity...i have the source where the option of existing loan modification and low interest rates : http://www.refinancing101.net
is it possible to refinance a heloc without refinancing your first mortgage?
I have a good rate with my first mortage at 4.25 fixed for 15 years. I also have a heloc that is adjustible and is at about 8.5 percent right. I would like to refinance the heloc without loosing the rates on the 1st. Is there such a thing?
yep....it's called a 2nd mortgage
Actually, trying to refinance your first and keep a Heloc is much more complicated. The Heloc lender would have to agree to subordinate their lien.
Are you thinking of refinancing from a Heloc to a fixed rate 2nd? Remember the Fed just cut short term rates, so Prime is already down .5% and more cuts are possible.
You can also try a major bank or credit union. Your rate should have gone down about .50 % with the recent rate cut, but there is no guarantee that rates won't go back up again.
Good Luck
Open Book Advisors
Can you refinance a interest only construction loan prior to converting to conventional?
My wife and I recently moved into a new home which we are still paying interest only on the loan. We also just sold our other home and would like to put the money we made off of it down on the loan. Can we put the money down when we convert or do we have to refinance?
I assume when you say "converting to conventional" that you have a construction loan product that automatically converts to conventional financing when the construction phase is completed. Without reading the terms of your loan, it's hard to know. Some loans have prepayment penalties. Read your loan documents or ask the lender directly, and make sure it is in writing.
I used a construction loan to purchase and rehab an investment property, where the bank would convert to conventional financing. I could pay any amount toward principal at any time, but every loan is different.
How to refinance a car with horrible credit and no equity?
I have a brand new Ford Focus just bought it fresh off the floor and have a cosigner, but we need to refinance it now and have horrible bad credit. Can anyone help with how to refinance a car with bad credit and no equity?
You just bought it and want to refinance it? Why did you buy it at all, then? The value dropped 20% as soon as you titled it. Unless you made a big down payment, it's not gonna happen.
Is it possible to refinance a home with bad credit and no job?
Heres the situation. My mother is a homeowner and has poor credit and is not employed. The house is valued at $400,000+, the remaining balance to pay off is $260,00. She has been turned down a couple of times. So is it still possible for her to refinance or any other options? Thanks.
Me and my sister still live at home and pay her monthly to cover the house payment and all bills. We just want to get a lower monthly payment and pay some debts.
Why would anyone loan money to someone with no job AND bad credit? Think!
Can I refinance my home with a good credit score but not much credit?
I started buying my home a year ago and I didn't have credit then so I bought an owner financed home that had 12% percent fixed loan, which is why I want to refinance. My credit score is 718 but I have very little credit activity because I have never had a credit card or anything, I usually just pay cash instead of making payments. Will I be able to refinance?
Yes, it's always easier to get a mortgage, cause you can't run off with the house. I'd just call your bank with who you have checking/savings accounts. They will most likely give you the fastest response. You may have to prove that you pay stuff on time, since you don't have credit cards you can ask your phone company to write a reference letter. Check with a bank they'll tell you what they need.
Can you refinance while your home is on the market for sale?
Our home has been on the market for a while now. We need to refinance to lower monthly payment. Can we refinance a home thats for sale?
The answer is yes you can BUT the reality is that it is hard to find a lender that will refinance your loan knowing that at any minute your home could be sold and they will waiste their time and money. Most lenders will ask you to take the home off the market before you can refinance.
Good luck!
refinance - News
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Refinancing Has Saved State $72 Million, Treasurer Says (Source: Adam Beam The State, Columbia, SC (MCT) — State Treasurer Curtis Loftis is trying to take advantage of the Great Recession by refinancing state debt, saving taxpayers millions of dollars in the process. With interest rates at historic lows, and more » |
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CIT Reports First Quarter 2012 Net Loss of $447 Million ($2.22 Per Diluted ... The $23 million loss on debt extinguishment in the current quarter reflected underwriting costs for the debt issued in February to refinance Series A debt redeemed in March, while the $12 million gain in the prior quarter reflected the repurchase of and more » |
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Catalent Pharma Seeks $205 Million Loan to Refinance Debt Catalent Pharma Solutions Inc., a provider of development services to the pharmaceutical industry, set the interest rate on a $205 million add-on term loan the company is seeking to refinance debt, according to a person with knowledge of the and more » |
Don't Give Up On a HARP Refinance
Money Talks News (blog)Don't Give Up On a HARP RefinanceFor homeowners who are underwater on their mortgage, a HARP refinance is like the pot of gold at the end of a rainbow. Unfortunately, it can be just as elusive. HARP, of course, is the Home Affordable Refinance Program, a federal initiative designed to Ask Stacy: Why Can't I Refinance My Home?HARP 3.0 : What It Means, Who May Qualify (Including Mortgage Rates)Hear Me Out: Does refinancing program really help homeowners?all 4 news articles »
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US Mortgage Refinancing: Stimulative or Redistributive? Rather, it is a little "acorn" for you to bury today and dig up in the future when some partial-equilibrium yahoo on CNBC says that total spending in the economy will get a boost as households refinance their mortgages at lower interest rates. |