So brian westbury has a write up on how bad the student loan forgiveness is.
Forget about the 10K,…..No one has to pay back any amount that’s more than 5% of the income. And fully discharged regardless of payment history after 20 years.
Unlimited amount of forbearance. College is now free. Except to tax payers
RE: Great Ajax headline (thanks, Tim) – NOTE This is NOT impacting AJXA convertible note
On August 26, 2022, Great Ajax Operating Partnership L.P. (the “Issuer”), a subsidiary of Great Ajax Corp. (the “Company”), issued $110,000,000 aggregate principal amount of 8.875% unsecured senior notes due 2027 (the “Notes”) under an indenture, dated as of August 26, 2022 (the “Indenture”), between the Issuer, the Company, additional subsidiaries of the Company and Wilmington Savings Fund Society, FSB, as trustee. The Notes were issued in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to qualified institutional buyers in accordance with Rule 144A under the Securities Act or to institutional accredited investors under Rule 501(a) under the Securities Act. The Notes are subject to restrictions on transfer and may only be offered or sold in transactions exempt from or not subject to the registration requirements of the Securities Act and other applicable securities laws.
The Company expects to use the net proceeds from the offering to purchase its 7.25% Series A and 5.00% Series B Fixed-to-Floating Rate Preferred Stock at a discount, related warrants, at fully-vested value, held by holders of such outstanding preferred stock, and the remainder for general corporate purposes.
So brian westbury has a write up on how bad the student loan forgiveness is.
Forget about the 10K,…..No one has to pay back any amount that’s more than 5% of the income. And fully discharged regardless of payment history after 20 years.
Unlimited amount of forbearance. College is now free. Except to tax payers
RE: Great Ajax headline (thanks, Tim) – NOTE This is NOT impacting AJXA convertible note
On August 26, 2022, Great Ajax Operating Partnership L.P. (the “Issuer”), a subsidiary of Great Ajax Corp. (the “Company”), issued $110,000,000 aggregate principal amount of 8.875% unsecured senior notes due 2027 (the “Notes”) under an indenture, dated as of August 26, 2022 (the “Indenture”), between the Issuer, the Company, additional subsidiaries of the Company and Wilmington Savings Fund Society, FSB, as trustee. The Notes were issued in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to qualified institutional buyers in accordance with Rule 144A under the Securities Act or to institutional accredited investors under Rule 501(a) under the Securities Act. The Notes are subject to restrictions on transfer and may only be offered or sold in transactions exempt from or not subject to the registration requirements of the Securities Act and other applicable securities laws.
The Company expects to use the net proceeds from the offering to purchase its 7.25% Series A and 5.00% Series B Fixed-to-Floating Rate Preferred Stock at a discount, related warrants, at fully-vested value, held by holders of such outstanding preferred stock, and the remainder for general corporate purposes.