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COVID - 1 9 pandemic forced corporate America to face its most severe test since the 2 0 0 6 / 2 0 1 0
COVID pandemic forced corporate America to face its most severe test since the financial crisis. A March Bloomberg article stated that Boeing Co drew down a $ billion line of credit from its bankers while Hilton Worldwide Holdings Inc. and Wynn Resorts Limited were considering doing this same on their lines of credits totaling more than $ billion. Financial institutions should therefore prepare themselves for this "dash for cash" whenever a crisis occurs.
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