The pandemic has left corporations like AMC with no option but to go into debt in order to see another day. Angela Weiss/Getty Images
One of the biggest debates in Washington, D.C., is about how much debt the government should take on to get the country through the pandemic. On the corporate level, were seeing something similar, with some companies making the calculation that debt is their only option right now.
AMC, the movie theater chain, raised more than $900 million in financing, part of which is debt, to help the company get through this next part of the pandemic.
Corporations have amassed big piles of debt during this pandemic, and that has long-term implications for the economy.
On the one hand,…
Read the full article at: https://www.marketplace.org/2021/01/25/corporations-pile-debt-survive-pandemic/
