Grainger Elects to Draw Down on Revolving Credit Facility to Supplement Strong Cash Position
W.W. Grainger, Inc. (GWW)
Last w.w. grainger, inc. earnings: 4/23 08:00 am
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Source: PR Newswire
CHICAGO, March 31, 2020 /PRNewswire/ -- Grainger (NYSE: GWW), the leading broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced that it elected to draw down $1 billion from its unsecured revolving credit facility. This is a proactive measure to increase the company's cash position and preserve financial flexibility in light of current uncertainty in the global markets resulting from the COVID-19 pandemic. The funds will supplement the company's strong cash position. "Our priority remains the health and safety of our team members and customers as we continue to navigate this uncertain period," said DG Macpherson, Grainger Chairman and CEO. "Grainger's financial position is strong. However, in an abundance of caution and as a proactive measure, we are taking prudent actions to increase our liquidity and financial flexibility. We remain committed to providing superior customer service and maintaining high-levels of i
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GWW
Earnings
- 10/31/24 - Miss
GWW
Sec Filings
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- GWW's page on the SEC website