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Market Closed -
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5-day change | 1st Jan Change | ||
| 604,500 USD | -0.59% |
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-3.84% | +11.40% |
| Apr. 15 | Communications Services Down Sharply on Risk Aversion -- Communications Services Roundup | DJ |
| Apr. 15 | News Highlights : Top Company News of the Day - Monday at 11 AM ET | DJ |
(Reuters) - Canadian mortgage lender Home Capital Group Inc said on Wednesday its unit received a two-year C$500 million funding commitment that would replace a C$2 billion credit facility offered by Warren Buffett's Berkshire Hathaway Inc.
Last year, Buffett took a 20 percent stake in Home Capital and provided a C$2 billion credit facility after investors withdrew more than 90 percent of funds from its high-interest savings accounts.
"This Credit Facility is better aligned with our current liquidity and funding profile and results in a lower aggregate cost than the existing credit facility it is replacing," Chief Financial Officer Brad Kotush said.
(Reporting by Anirban Paul in Bengaluru; Editing by Saumyadeb Chakrabarty)
| 1st Jan change | Capi. | |
|---|---|---|
| +11.40% | 865B | |
| 0.00% | 239B | |
| +20.43% | 168B | |
| -7.47% | 126B | |
| +38.15% | 87.89B | |
| -3.10% | 75.83B | |
| -19.04% | 42.75B | |
| +26.19% | 34.91B | |
| +62.84% | 30.81B | |
| +9.57% | 28.43B |
BERKSHIRE HATHAWAY INC. 
