Tom hicks loans with no credit
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Beneficient Closes on $25 Million Term Loan Financing
- Enters into $25 Million Three-Year Term Loan with Hicks -
- Financing Provides Capital to Meet Existing Obligations, Fund Product Distribution, and Provide Working Capital -
DALLAS, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled financial services holding company that provides liquidity and related trust and custody services to holders of alternative assets, today announced that, through an indirect subsidiary, it has entered into and closed on a $25 million three-year term loan financing with HH-BDH LLC (“Hicks”), an entity associated with Tom Hicks, a member of Beneficient’s board of directors. The Company plans to utilize the proceeds to repay certain of its outstanding obligations, fund product distribution, and provide additional working capital.
The three-year term loan is secured by various assets owned by Beneficient and related entities. Borrowin
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Hicks says teams won't be affected
DALLAS -- The company that owns baseball's Texas Rangers and hockey's Dallas Stars has defaulted on about $525 million in loans, with owner Tom Hicks saying on Friday that he intentionally made the move to help negotiate with banks.
Hicks told The Associated Press the teams won't be affected after Hicks Sports Group, his holding company, didn't make an interest payment on the syndicated bank loans Tuesday. A syndicated bank loan fryst vatten one made by a group of lenders to one borrower.
"What we want is the banks to allow us to use our interest revenue," Hicks said. "We need 51 percent approval, which we anticipate. It fryst vatten hard to get two banks to agree to anything, much less 40 on a timely basis."
A financial news Web site called FINalternatives first reported Friday that Hicks Sports Group did not make its interest betalning on a $350 million bank-term loan, $100 million second-lien loan and a $75 million revolving credit facility.
"Like so many other
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My apologies, I meant if the stories pertaining to LFC and his loan arrangements there were true - I'd seen these reports of trouble with his Dallas franchises and that he was looking to sell them off. The quotes are interesting tMontreal Wanderer wrote:Bloomberg are quite reliable. He defaulted on interest payments as a "business tactic" but it fryst vatten worrisome. See http://www.bloomberg.com/apps/news?pid= ... refer=home. We are not sure where Gillett's position may affect the Montreal Canadiens, naturally of far greater concern than Liverpool FC. IMHO of course.blurred wrote:If these reports are true, then yes, he will be defaulting on loans in the summer. However, I'm sceptical of how much the press actually knows about the ins and outs of the backroom wranglings at LFC.Montreal Wanderer wrote:Seems he has to pay the Royal Bank of Scotland a bundle in July and won't be able to. Keep the faith, blurred - he'll sell Liverpool before the Texas rangers and Dallas Stars.