A regulatory filing reported on Friday showed that Chipotle Mexican Grill Inc secured a new year-long $600 million revolving credit line as the restaurant chain looks to deal with the fallout from the COVID-19 pandemic.
Companies across the globe have been shoring up their cash positions, at a time when many sectors, including hospitality and retail, have borne the brunt of the respiratory disease.
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Chipotle had US$909 million in cash and short-term investments and no debt as of March 31.
By Praveen Paramasivam and Shailesh Kuber