Home Capital (HCG.TO) (HMCBF)

Liquid assets:
April 24: $1.5 billion + $200 million (April 26 announcement)
April 25: $1.3 billion + $200 million (April 27 announcement)
April 27: $750 million + $200 million (April 28 announcement)
Not reported in May 1 announcement
May 5: $1.160 billion (May 8 announcement)

Credit line usage:
May 1: $1.0 billion (May 1 announcement)
May 8: $1.4 billion (May 8 announcement)

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HISA balances:
March 28: $1.991 billion (26 April announcement)
April 24: $1.4 billion (26 April announcement)
April 27: $814 million (27 April announcement)
April 28: $521 million (28 April announcement)
May 1: $391 million (May 1 announcement)
May 8: $192 million (May 8 announcement)

GIC deposits:
March 28: $13.06 billion (26 April announcement)
April 24: $13.01 billion (26 April announcement)
April 25: $12.98 billion (27 April announcement)
April 26: $12.97 billion (28 April announcement)
April 28: $12.86 billion (1 May announcement)
May 5: $12.64 billion (8 May announcement)

Oaken savings accounts:
April 28: $222 million (8 May announcement)
May 5: $167 million (8 May announcement)

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I'll make the generous assumption that HISA balances remain unchanged in the coming weeks.
However it looks like GIC deposits are disappearing at the rate of about $200 million per week.

Therefore it may be only 3 weeks (3 * $200 million = $600 million) until the entire $2 billion credit line is used.

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Home Capital Group's $325 million 2.35% senior unsecured notes mature on May 24, 2017. This is two weeks and two days from today.

http://distressions.com/morning-high-yielddistressed-credit-notes-april-27-2017/
http://www.theglobeandmail.com/repo...ng-325-million-debt-deadline/article34904140/
https://www.bloomberg.com/news/arti...ils-to-draw-buyout-interest-from-canada-banks
http://ca.reuters.com/article/businessNews/idCAKBN18116D-OCABS

"According to Thomson Reuters data, the company also has $236 million in bonds maturing in 2017, and C$325 million ($237.3 million) institutional deposit notes maturing on May 24."

If we assume two additional weeks of $200 million outflows, that might take the credit line usage from $1.4 billion to $1.8 billion on Monday 22 May.

Then it will have only $200 million available in the days leading up to the $325 million maturity.

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m22au said:
Home Capital Group's $325 million 2.35% senior unsecured notes mature on May 24, 2017. This is two weeks and two days from today.

http://distressions.com/morning-high-yielddistressed-credit-notes-april-27-2017/
http://www.theglobeandmail.com/repo...ng-325-million-debt-deadline/article34904140/
https://www.bloomberg.com/news/arti...ils-to-draw-buyout-interest-from-canada-banks
http://ca.reuters.com/article/businessNews/idCAKBN18116D-OCABS

"According to Thomson Reuters data, the company also has $236 million in bonds maturing in 2017, and C$325 million ($237.3 million) institutional deposit notes maturing on May 24."

If we assume two additional weeks of $200 million outflows, that might take the credit line usage from $1.4 billion to $1.8 billion on Monday 22 May.

Then it will have only $200 million available in the days leading up to the $325 million maturity.

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More...
They just suspended their dividend.
http://www.cnbc.com/2017/05/08/reut...nergy-and-financials-home-capital-slides.html
 
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Liquid assets:
April 24: $1.5 billion + $200 million (April 26 announcement)
April 25: $1.3 billion + $200 million (April 27 announcement)
April 27: $750 million + $200 million (April 28 announcement)
Not reported in May 1 announcement
May 5: $1.160 billion (May 8 announcement)
May 8: $1.100 billion (May 9 announcement)

Credit line usage from the $2.0 billion facility:
May 1: $1.0 billion (May 1 announcement)
May 8: $1.4 billion (May 8 announcement)
May 9: $1.4 billion (May 9 announcement)

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