July 26, 2017 / 1:41 PM / a year ago

Shares in Home Capital up 4 pct after it pays back Buffett loan

TORONTO, July 26 (Reuters) - Shares in Home Capital Group Inc rose as much as 4.4 percent in early trading on Wednesday after the company said it had repaid the outstanding balance on a C$2 billion ($1.60 billion) loan provided by Warren Buffett’s Berkshire Hathaway.

The company said the repayment of the credit facility will significantly reduce the interest it pays on its borrowings going forward. It said it made the repayment after receiving additional funds from previously announced asset sales. (Reporting by Matt Scuffham; Editing by Jeffrey Benkoe)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below