Companies issue new bonds to pay off short-term debt amid pandemic – The Wall Street Journal

Companies issue new bonds to pay off short-term debt amid pandemic – The Wall Street Journal

Many companies used their lines of credit at the start of the pandemic to consolidate cash flow and prepare for a possible market collapse.

Now, a few months later, they are repaying the billions of those emergency funds they borrowed, as sweeping Federal Reserve interventions have opened up cheap access to financial markets and offered businesses a chance to strengthen their financial…

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