Latest in debt

UPDATED with sale closed Fox Corp. said it completed te sale of $1.2 billion worth of notes and will use net proceeds for general corporate purposes. Companies are raising cash at a rapid pace as a nest egg against the harsh economic impact and unknown duration of the coronvirus. Fox announced the sale of two…

ViacomCBS is the latest media conglom to tap the debt market, announcing plans to raise $2.5 billion by selling notes. Disney raised $6 billion last week and Comcast $4 billion earlier this week as companies in – relatively – strong positions look to build up a cash cushion against the uncertain economics of a…

The Redstone family holding company National Amusements (NAI) said it’s reached an agreement with its lenders to amend its credit facility after a debt covenant breach last month caused by a drop in the stock price of ViacomCBS. NAI said it will now have a revolving facility of $125 million and ample liquidity, in…