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Kier whittles net debt down to £230m

Construction Enquirer

Kier has whittled down its average month-end net debt to £230m after a better than expected cash performance at its construction division. He also said the average month-end net debt position would now be better than expected at £230m, down from £243m at the half year. ”

Debt 47
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Rapidly Rising Student Debt Keeps Millions from Homeownership

Pro Builder

Rapidly Rising Student Debt Keeps Millions from Homeownership. Student loan payments are holding many Americans back from becoming homeowners by keeping their debt-to-income ratios high. A 2019 survey by Zillow found 39% of potential buyers said student debt delayed their homebuying plans. cbroderick. A Hard Constraint.

Debt 59
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Super sewer contractors safe from Thames Water crisis

Construction Enquirer

Contractors working on the £4.1bn Thames Tideway project will still get paid whatever happens to debt stricken client Thames Water. A debt mountain of £14bn has left Thames Water on the brink of possible administration as it scrambles for cash from investors. ”

Sewer 97
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Biden Announces New Plan to Help Homeowners Save on Mortgage Costs

Pro Builder

According to the White House, more than 80% of FHA borrowers are first-time homeowners, and over 25% of the homebuyers are people of color; the program does not have a minimum income level to qualify, but debt levels and credit ratings are still taken into account. percentage points to 0.55% for FHA-insured mortgages.

Plans 52
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Contractor McDermott International Files Chapter 11 Plan to Cut Debt, Fund Operations

ENR Construction

Energy megaproject firm's bankruptcy includes expected $2.7B sale of its Lummus Technology unit to PE investors and another $2.8B from lenders to fund operations.

Debt 60
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Green Buildings are Subsidizing Conventional Buildings Stymying Climate Progress

Green Building Law Update

Green buildings are less risky, more profitable, with higher appraised value than conventional buildings that results in higher company creditworthiness, measuring the reduced likelihood of it defaulting on its debt, but today, green building does not receive a commensurate lower interest rate on its debt.

Green 293
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Contractor McDermott Intl. Files Chapter 11 Plan to Cut Debt, Fund Operations

ENR Construction

Energy megaproject firm's bankruptcy includes expected $2.7B sale of its Lummus Technology unit to PE investors and another $2.8B from lenders to operate.

Debt 60