(Reuters) – Private equity firm Blackstone Group Inc (BX.N) 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 bit.ly/3aLMXuN said.
Blackstone did not immediately respond to a Reuters request for comment.
Source: Read Full Article