09:50 AM EST - Home Capital Group Inc. : Has drawn down a total of $1.4 billion from its $2-billion credit line, the terms of which were announced by the Company on April 27. The Company and its advisers continue to work towards seeking lower cost sustainable funding solutions and to evaluate strategic alternatives to solidify and strengthen its successful mortgage origination platform. In addition, the Company announced the suspension of its quarterly dividend to prudently manage liquidity. Home Capital Group Inc.
shares T.HCG are trading down $0.56 at $5.29.
