SumUp is reportedly looking to raise 1 billion euros ($1.1 billion) from private credit lenders. The U.K. payments company would use the money to refinance existing debt, Bloomberg reported Friday (Feb. 23), citing unnamed sources. SumUp did not immediately reply to PYMNTS’ request for comment. The company’s...
An increasing number of Americans have realized the dream of owning a home without the burden of a mortgage. Nearly 40% of homeowners in the country now own their homes outright, marking a record high in mortgage-free ownership as of 2022, Bloomberg reported Friday (Nov. 18). This...
LendingClub has tapped Santander Consumer as the primary loan servicer for its auto refinance portfolio. The partnership, announced Tuesday (Sept. 12), involves LendingClub Bank’s direct auto refinance program that — per a news release — covers more than 94% of the U.S. population. “Santander has a proven track...
Business bankruptcies reportedly experienced a sharp increase in August, with more companies seeking court protection from their creditors. This rise can be attributed to rising interest rates and various economic headwinds, Bloomberg reported Tuesday (Sept. 5). Commercial bankruptcies rose by nearly 17% in August compared to July,...
April 28, 2020
As the economy has more or less ground to a halt over the last several weeks, time has become harrowing for homeowners who face frozen income streams and continuing mortgage payments due to the coronavirus pandemic. It’s also confusing at times as options for homeowners looking to stay afloat and in their residences during this unexpected […]
May 20, 2024
Peloton Interactive plans to launch a global refinancing. The connected fitness company will offer $275 million aggregate principal amount of convertible senior notes due 2029 in a private offering and enter into a $1 billion five-year term loan facility and a $100 million five-year revolving credit facility, Peloton said in a Monday (May 20) press release. “Peloton intends to use […]
February 23, 2024
SumUp is reportedly looking to raise 1 billion euros ($1.1 billion) from private credit lenders. The U.K. payments company would use the money to refinance existing debt, Bloomberg reported Friday (Feb. 23),...
November 17, 2023
An increasing number of Americans have realized the dream of owning a home without the burden of a mortgage. Nearly 40% of homeowners in the country now own their homes...
September 12, 2023
LendingClub has tapped Santander Consumer as the primary loan servicer for its auto refinance portfolio. The partnership, announced Tuesday (Sept. 12), involves LendingClub Bank’s direct auto refinance program that — per a news...
