(Chris Helgren/Reuters) Home Capital Group, the Toronto-based alternative mortgage lender that was on the verge of collapse earlier this year, says it has repaid a $2-billion line of credit from Berkshire Hathaway.
When it provided the line of credit, Berkshire Hathaway also bought a $400 million stake in Home Capital.
Home Capital says proceeds from asset sales helped it repay the line of credit, bringing down the amount of interest expenses it faces as it continues to strengthen its liquidity position.
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