Sunstone Hotel Investors Improves Financial Flexibility And Enhances Balance Sheet Strength
Successfully Extends Covenant Waiver Period
Reaches Resolution with Special Servicer on Hilton Times Square
Addresses All Near-Term Maturities
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IRVINE, Calif., Dec. 23, 2020 /PRNewswire/ Sunstone Hotel Investors, Inc. (the Company or Sunstone ) (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, announced today that it has completed a series of balance sheet enhancing transactions that include: extending the waiver period of the financial covenant tests on the Company s $500 million undrawn revolving credit facility, $185 million of funded term loan facilities and $205 million of outstanding private placement senior notes ( Unsecured Debt Facilities ); addressing its remaining near-term maturities; providing resolution with the special servicer on the mortgage loan secured by the Hilton Times Square; and, redu
London Fintech Updraft raises £16m to help people break up with their credit cards Pubblicato: 16 Dicembre 2020
Updraft, a part lending, part credit report, and part financial planning app designed to tackle escalating consumer borrowing, has secured £16m in funding to help its member’s avoid unnecessary credit card and overdraft charges. The funding arrives in the form of equity and debt, with specialist investment firm Quilam Capital leading on the debt side, and the UK Government’s Future Fund participating via their convertible loan note alongside a group of high-net-worth investors.
Available now via the Apple App Store, Updraft was founded by financial services executive Aseem Munshi, former Head of Cards and Unsecured Lending for HSBC, UK. With over 15 years’ of experience in banking, Munshi realised there was a problem that could only be solved from the outside - that consumers drift into borrowing more and more each month without noticing. Consum