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One the eve of tax season, Liberty Tax has secured a large increase on its revolving line of credit from a consortium of big banks.
Details on the Big Bank Financing
On December 28th, the SEC released an 8-K which reported that Liberty had secured a new revolving credit line and term loan agreement. SunTrust was the lead bank among a consortium of eight big banks who as a whole have extended a
Meta Financial Group (ticker: CASH) said that it will sell 1.56 million shares of its common stock to several private investors. While the business community seemed to focus on the fact that the shares were going to be sold at a discount to the current trading price, the bigger story for those within the universe of alternative financial services might be about who is doing the buying. It looks like two of the buyers will be NetSpend
The parent company of Liberty Tax recently announced its intention to offer to sell shares to the public. The obligatory prospectus filed with the SEC for the benefit of interested investors provides a chance to look under the hood of the nation's third largest preparer of tax returns.
Guess what is under the hood? It turns out that a new kind of refund loan may soon be available at Liberty Tax through a