BlackRock Financial to grant loan to Root Insurance.
Global Banking News-January 28, 2022--BlackRock Financial to grant loan to Root Insurance
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Global Banking News - 28 January 2022
US-based BlackRock Financial Management is to offer a loan for US-based Root Insurance.
The funding comes days after Root Insurance announced plans to lay off 330 employees because of losses. The firm has finalised a USD300m term loan from BlackRock Financial Management. The loan is to run for five years and is to carry an interest rate of term SOFR + nine...
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