U.S. companies paying down maxed out credit lines with bond issues-BoA note

An increasing number of U.S. companies are selling bonds to repay lines of credit they drew down at the height of the coronavirus-induced market turmoil, an indication that the cash crunch facing much of Corporate America may be easing, according to Bank of America analysts.

from Reuters: Technology, Media & Telecommunications https://ift.tt/2XX6xRO