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Home Capital comments on reports on potential refinancing

Published 2017-06-15, 09:15 a/m
© Reuters.  Home Capital comments on reports on potential refinancing
HCG
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June 15 (Reuters) - Canada's biggest non-bank lender Home Capital Group Inc HCG.TO said on Thursday it was aware of recent media reports concerning a potential refinancing transaction and that it would not comment on speculation and rumors.

The company's comment was in response to a request by the Investment Industry Regulatory Organization of Canada (IIROC), following a rise in its share price on Wednesday. reported on Wednesday, citing people with knowledge of the matter, that Home Capital is in talks with a syndicate of banks, including some of Canada's biggest lenders, to secure a loan of about C$2 billion ($1.5 billion) to replace a costly emergency credit line it agreed in April. Capital said on Thursday it would inform the market as required but does not intend to make any further comment regarding speculation.

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