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NEWS Heritage Capital Credit Corporation Provides BCLOC Program Update WILMINGTON, Del., Dec. 21 /PRNewswire-FirstCall/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) provides the following update on the status of the BCLOC Program. -- The Company has arranged a funding commitment for its first commercial project that will ultimately be put into a BCLOC security. The transaction is in the amount of approximately $6,000,000 and is expected to close on or before January 22, 2008. -- The Company has endeavored to reaffirm the interest of the original applicants for the $740 million in the BCLOC Program. To date, we have more than $740 million in requests for funding. Although some of the original applicants no longer desire funding, their funding allocations have been requested by other original applicants. -- The Company plans to extend the delivery of the BCLOC applications for funding to the first half of 2008, due to the severity of the credit market crises and the number of incomplete BCLOC applications. |
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| aus der Diskussion: | Geheimtipp HCPC |
| Autor (Datum des Eintrages): | Marvin15 (21.12.07 16:39:32) |
| Beitrag: | 2 von 318 (ID:32839766) |
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