As of Mar 31, 2020, the company’s cash and cash equivalents (including restricted cash) totaled $1.12 billion, up significantly from $176 million on Dec 31, 2019.
During the first quarter, the company enhanced its liquidity profile by issuing $750 million in unsecured investment grade notes at a record low coupon, increasing bank borrowing capacity by $565 million and extending the maturity on $5 billion of revolving facilities to 2025.
ARCCはこの暴落の時期にキャッシュの量を
意識してバランスシートを調整したことが
評価されている という解釈でいいでしょうか。
Strong Balance Sheet
As of Mar 31, 2020, the company’s cash and cash equivalents (including restricted cash) totaled $1.12 billion, up significantly from $176 million on Dec 31, 2019.
During the first quarter, the company enhanced its liquidity profile by issuing $750 million in unsecured investment grade notes at a record low coupon, increasing bank borrowing capacity by $565 million and extending the maturity on $5 billion of revolving facilities to 2025.