Blackstone asks its companies hurt by virus to tap credit lines: BBG

Private equity firm Blackstone Group Inc is asking companies it controls to draw down their credit lines to avoid liquidity crunch, a Bloomberg reporter tweeted on Wednesday, citing people familiar with the matter.

FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange April 4, 2016. REUTERS/Brendan McDermid/File PhotoREUTERS: Private equity firm Blackstone Group Inc is asking companies it controls to draw down their credit lines to avoid liquidity crunch, a Bloomberg reporter tweeted on Wednesday, citing people familiar with the matter.

The move comes amid mounting stress in markets due to the coronavirus outbreak and a drop in oil prices, the tweet https://bit.ly/3aLMXuN said.Source: Reuters

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