Nasdaq-listed Bitcoin miner PowerCompute consolidated $18 million in debt under a new Bitcoin-backed credit facility with Arch Lending, pledging 307 BTC as collateral to replace previous loans.
Homeowners can claim tax deductions on interest paid for both original home loans and subsequent loans used to repay them, up to Rs 2 lakh for self-occupied properties under the old tax regime. This benefit, supported by a 1969 CBDT circular, is expected to continue under the Income-tax Act, 2025, provided proper documentation is maintained.
L'enseigne d'ameublement Maisons du Monde annonce une perte nette de 406 millions d'euros pour 2025 et un projet de refinancement avec deux fonds britanniques. Ce plan, soumis à l'approbation des actionnaires, pourrait entraîner une prise de contrôle et sécuriser l'avenir de l'entreprise, menacée de redressement judiciaire si le financement échoue d'ici le 15 septembre.
Nakamoto Inc. sold ~$48M in Bitcoin and derivatives, refinanced debt, and authorized a $25M share buyback, reducing debt by $45M and extending maturity to 2027, amidst Bitcoin's 21% monthly decline.
Jaguar Land Rover (JLR) is raising a £2 billion, five-year loan from multinational banks to refinance upcoming debt. The company chose a loan over bonds due to market volatilities. Several major banks are underwriting the deal, which is expected to be syndicated to around 20 lenders.
Vedanta Resources Ltd is negotiating with global banks to refinance its $5.25-5.5 billion debt. The company plans to raise $3.5-3.7 billion via 10-year bonds and $1.5-1.7 billion through five-year loans to better align repayments with dividend inflows.
The Bitcoin miner said the FalconX facility lowers its fixed interest rate to 7% and releases about 3,300 BTC from collateral restrictions.
Mortgage rates increased to 6.37% for 30-year fixed loans, causing refinance applications to fall 4% while purchase applications rose 1% week-over-week. Despite the rate climb, homebuyers are showing renewed interest ahead of spring, with purchase applications up 21% year-over-year. The MBA notes consumers appear to be moving forward despite geopolitical uncertainties related to the war with Iran.
Core Scientific is raising $3.3 billion through senior secured notes due 2031 to fund data center expansion across Georgia, Texas, North Carolina and Oklahoma, and to refinance existing short-term debt. The debt offering allows capital access without shareholder dilution. The move follows a $1 billion credit agreement with Morgan Stanley in March as crypto miners increasingly pivot toward high-performance computing and AI workloads.
Hungary's incoming Prime Minister Peter Magyar announced the new Tisza government will review all contracts for the Paks II Nuclear Power Plant built by Russia's Rosatom, questioning why costs doubled from the initial €12 billion to €24 billion. The project, under a 2014 Russian-Hungarian agreement, has progressed extremely slowly, and the new leadership seeks to understand financing terms and potential restructuring options.
