(Bloomberg) — Private equity titans Blackstone Group Inc. and Carlyle Group Inc. are sending a directive to portfolio companies: Do whatever it takes to stave off a credit crunch.The firms are asking some of the companies they control to draw down their bank credit lines to help prevent any liquidity shortfalls amid signs of mounting stress in markets, according to people with knowledge of the matter.At Blackstone, which has weathered a variety of crises in its 35 years, the discussions focus on sectors impacted by the spread of the coronavirus, such as the hospitality industry, as well as energy firms …read more
Source:: Yahoo Finance
