Companies Issuing New Bonds to Pay off Credit Lines
April 29, 2020 at 07:45 AM EDT
The coronavirus pandemic fueled a credit line maxing bonanza by U.S. companies amid the uncertainty of revenues drying up and cash dwindling due to social distancing restrictions. Now, companies are issuing bonds to pay off these maxed lines, which, according to Bank of America analysts, could mean that corporations may not be as cash-strapped moving forward.