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Italy s state-backed loans pose restructuring headache

Dealing with the extensive loan guarantees Italy provided to help businesses through the COVID-19 pandemic and energy crisis is proving complex, hampering efforts to fix some companies' debt problems, restructuring experts said. Under successive emergency measures since 2020, Italy has extended guarantees on 189 billion euros ($205 billion) of bank loans. Economy Minister Giancarlo Giorgetti on Wednesday said it was time to gradually return to normality after what he called a massive state intervention, adding that the significant sums set aside to cover future guarantee payments appeared adequate.

Navigator Homes loaned $8M - The Martha s Vineyard Times

The U.S. Department of Agriculture has approved a loan of approximately $8.5 million for the Navigator Homes senior housing project in Edgartown.  The loan, made through USDA’s Community Facilities Direct Loans and Guaranteed Loans program, is part of $53 million in loans that the department approved for construction and operation costs. The loan will help […]

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