Blackstone asks companies hurt by virus to tap credit lines

Blackstone asks companies hurt by virus to tap credit lines

Blackstone Entrepreneurs Network. Photo: Blackstone

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 said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter