March 11, 2020 / 7:34 PM / a month ago

Blackstone asks its companies hurt by virus to tap credit lines - BBG

March 11 (Reuters) - Private equity firm Blackstone Group Inc 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. (Reporting by Bharath Manjesh in Bengaluru)

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