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Old 08-19-2020, 05:32 AM
  #93  
ChrisHansen
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Joined APC: Aug 2020
Position: Why don't you have a seat right over there.
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Originally Posted by 4V14T0R View Post
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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Not needed, SWA will take a free payroll handout though.
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