Posted Monday, April 13, 2020 7:51 PM | Contributed by Jeff
Walt Disney Co. said on Monday it has entered an unsecured credit agreement for $5 billion, at a time when companies across industries are scrambling to bolster their liquidity to weather the fallout from the coronavirus crisis.
Read more from Reuters.
Pretty much everyone is trying to be as liquid as possible right now, even if they're doing OK. This isn't surprising.
$5B for a one year (possibly 2) rainy day fund is only available to the best companies.
Well I wouldn't expect an ice cream store to get that much.
It’s a pretty stark contrast to what Six Flags was able to scrape together.
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