AUSTIN, Tex. -- Tracor Inc., a defense electronics company, said it amended its current credit agreement, lowering loan interest rates and enabling the company to complete acquisitions more easily. Tracor's term and revolving loan interest rates were reduced 75 basis points, and interest on letters of credit facilities was lowered 100 basis points. In addition, the amended agreement permits the company to make certain acquisitions without the approval of its bank lenders.
Oklahoma's Bank7 may acquire New Mexico's Century Bank by the end of the year. The reason: A wealthy Century shareholder is being forced to sell his shares to satisfy a $40 million debt.
Organizers of Bank of St. George were close to the finish line in 2020 when the COVID-19 pandemic arrived. Now CEO Bruce Jensen says the planned bank should open its doors by the end of the year.
Two executive orders pulled federal deadlines for quantum-proof encryption forward to 2030, after 2026 research cut the cost of breaking today's codes.
The need to scale quickly is adding new challenges to the build vs. buy debate
The private student loan market figures to benefit from Republican-led changes to the much larger federal program. But other consumer lenders could face a fallout as more Americans are forced to reconsider which debt payments to prioritize.
Even though RIAs reached a record size in four important metrics, experts say equity values are masking weaknesses in their organic growth.
