Home Capital to get C$2 billion credit facility from Berkshire Hathaway

Jun 22, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

(Reuters) – Canadian lender Home Capital Group Inc said Berkshire Hathaway Inc will provide a new C$2 billion line of credit to its unit Home Trust Co and indirectly buy C$400 million ($300.2 million) of its common shares in a private placement.