Market tries to decipher where next RCF drawdowns will be

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By Jon Hay, Mariam Meskin, Mike Turner, Silas Brown
19 Mar 2020

Companies drawing down on revolving credit facilities to make sure they have enough cash to ride out the coronavirus crisis has become a major theme in corporate finance in the past fortnight, and bankers expect it to continue. But working out which companies will do this is not easy.

The economic shock is shaking up companies' financing arrangements in the most drastic way since the 2008-9 financial crisis, as firms strive to secure liquidity for what are likely to be many tough months. So far there have been only a few high profile cases of companies drawing ...

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