April 26 (Reuters) - Home Capital Group Inc HCG.TO :
* Home Capital Announces non-binding agreement in principle with major institutional investor for credit line of $2 billion
* Home Capital Group Inc - reached a non-binding agreement in principle with a major institutional investor for a credit line in amount of $2 billion
* Home Capital Group Inc- home trust would be required to pay a non-refundable commitment fee of $100 million and make an initial draw of $1 billion
* Home Capital Group Inc - terms of proposed agreement would have a material impact on earnings
* $2 billion loan facility would be secured against a portfolio of mortgages originated by home trust
* Home capital group inc - terms of proposed agreement would leave company unable to meet previously announced financial targets
* Home capital group-access to funds is intended to mitigate impact of a decline in home trust's HISA deposit balances that has occurred over past 4 weeks
* Home Capital Group- facility, combined with home trust's current available liquidity, would provide home trust access to over $3.5 billion in total funding Source text for Eikon: ID:nCNWVG8yda Further company coverage: HCG.TO