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Stock impact report

Emerald Holding, Inc. Provides Liquidity and Event Update

Emerald Holding, Inc. (EEX) 
Last emerald holding, inc. earnings: 2/13 06:25 am Check Earnings Report
Company Research Source: Business Wire
SAN JUAN CAPISTRANO, Calif.--(BUSINESS WIRE)--Emerald Holding, Inc. (NYSE: EEX) (“Emerald” or the “Company”) today provided an update on the Company’s liquidity position as of March 31, 2020 as well as an update on upcoming events.Emerald ended the first quarter of 2020 with $50 million in cash and total liquidity of $150 million, including $100 million in borrowing capacity under our revolving credit facility. As previously disclosed, the Company has also taken significant pre-emptive actions to preserve cash and strengthen its liquidity position while navigating the evolving pandemic, including, but not limited to:Carefully managing its expense structure across all key areas of discretionary spending;Drawing down $50 million from the Company’s revolving credit facility to bolster cash balances;Temporarily suspending the regular quarterly cash dividend; andHalting any incremental share repurchases.David Doft, Chief Financial Officer, commented, “While the current environment rema Show less Read more
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