Wall Street Warning to Corporate America: Get Cash While You Can
- Bankers urge companies to raise debt ahead of looming risks
- Uber, Tenet among those borrowing to add cash to balance sheet
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Bankers have a message for America’s debt-laden companies: raise money now, because things could get a lot worse.
The gradual reopening of businesses after months-long shutdowns and a pick up in manufacturing activity have given investors reason for optimism in recent weeks. But underwriters who cater to heavily indebted corporations are offering their clients a bleak preview of what may lie ahead.