Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Kraft Heinz Taps as Much as $4 Billion of Credit Line [Yahoo! Finance News]

The Kraft Heinz Company (KHC) 
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
) -- Kraft Heinz Co. is planning to draw down as much as $4 billion from its revolving credit facility, a month after the food giant’s credit rating was cut to junk, according to people familiar with the matter. The move comes as companies from planemaker Boeing Co. to casino operator Wynn Resorts Ltd. tap into their backup credit lines and other loans to bolster cash positions amid the worst credit-market turmoil since the 2008 financial crisis. Firms are stockpiling cash as the coronavirus pandemic shuts down broad swaths of the economy. “The demand for our brands, our cash flow and our balance sheet remain strong,” a Kraft Heinz spokesman said in response to an inquiry without commenting directly on its credit line. “As a matter of practice, we typically maintain a conservative liquidity posture, which is even that much more important as we focus on making sure all our products remain available to the public during these challenging times.” A spokesperson for JPMorgan Chase & Co., Show less Read more
Impact Snapshot
Event Time:
KHC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for KHC alerts
Opt-in for
KHC alerts

from News Quantified
Opt-in for
KHC alerts

from News Quantified