$1.5B asset based revolver, dividend will be suspended per T's and C's.
The Credit Agreement contains customary events of default and financial, affirmative and negative covenants, including but not limited to a springing financial covenant relating to the Company’s fixed charge coverage ratio and restrictions on indebtedness, liens, investments, asset dispositions and restricted payments, including a restriction on dividends in 2020 if the Company’s outstanding borrowings under the Credit Agreement exceed $1,000,000,000.
On April 16, 2020, the Company borrowed $1,500,000,000 under the Credit Agreement
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