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Old 08-19-2020 | 02:58 AM
  #92  
4V14T0R
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Joined: Mar 2011
Posts: 1,114
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Default Why so much cash?

Looks like we're not taking the 2nd half of the CARES money.

"In July, the Company signed a non-binding letter of intent with the U.S. Treasury with respect to a secured loan with an estimated principal amount of approximately $2.8 billion. As a result of the significant actions taken by the Company to bolster liquidity and its belief that it can secure additional financing at favorable terms, if needed, <b>the Company has since decided not to participate</b> in the secured loan program."

Source: 8-K from 8/19/20


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