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BRIEF-Home Capital reports initial draw down on $2 bln credit line
May 1, 2017 / 12:21 PM / 7 months ago

BRIEF-Home Capital reports initial draw down on $2 bln credit line

May 1 (Reuters) - Home Capital Group Inc

* Home Capital reports initial draw down on $2 billion credit line

* Home Capital Group Inc - subsidiary, HOME TRUST, expects to receive an initial draw today of $1 billion from its $2 billion credit line

* Home Capital Group Inc - balance of HISA deposits is expected to be approximately $391 million on Monday, May 1 after settlements of Friday’s transactions

* Home Capital Group Inc - terms of agreement leave company unable to meet previously announced financial targets

* Home Capital Group Inc - terms of agreement will have a material impact on earnings Source text for Eikon: Further company coverage:

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