Many borrowers already have drawn down much or all of their available credit line in order to have the liquidity to ride out the COVID19 pandemic. Other borrowers are contemplating doing the same.
The National Restaurant Association released guidelines to be used in conjunction with the instructions that restaurant operators receive from authorities during their re-opening phase-in.
The owner of Victoria’s Secret accused Sycamore Partners of “buyer’s remorse” in trying to back out of a deal to buy a majority stake in the struggling lingerie retailer.
