In this article
A group of sixteen banks will have to provide $23 billion of loans toT-Mobile US Inc. in order to allow the mobile carrier to close its planned acquisition ofSprint Corp., after the Covid-19 outbreak disrupted plans to sell the debt to third-party investors.
The banks were formally notified Monday that they will need to make the funds available on April 1, so that the two companies can finalize their long-awaited merger, according to people familiar with the matter, who asked not to be identified because the conversations are private.
20,921 in U.S.Most new cases today
-22% Change in MSCI World Index of global stocks since Wuhan lockdown, Jan. 23
-1.055 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23