COVID-19 S&P 500 Credit Facility Draw Downs
By: MyLogIQ
March 26, 2020
50 S&P 500 Companies Signal Credit Facility Usage Amid COVID-19Pandemic
As a hedge against the brutal impact of the COVID-19 pandemic on earnings and cash flow, 50 S&P 500 companies disclosed that they have or plan to soon draw down on credit facility arrangements as short-term bridge loans to get them through the next 12 months. The chart below with data from the CompanyIQ® SEC EDGAR search tool has the details through March 24, 2020.
Among the biggest draw downs are:
- General Motors – $16B
- Ford – $15.4B
- Boeing – $13.8B
- Carnival – $5.8B
- Kraft Heinz – $4B.
Some articles require a paid subscription.
