Eramet draws on all €1.5 billion credit lines for added liquidity

By Marisa Wong

Los Angeles, March 30 – Eramet SA said all of its credit lines have now been drawn down as a precaution amid the Covid-19 pandemic and the resulting uncertainty in the global economy.

At Dec. 31, the company’s liquidity level was €2.3 billion, including lines of liquidity that had not been drawn down at that date for €1.5 billion.

The company said it has taken cash preservation measures to preserve liquidity and financing capacity.

Eramet is a mining and metallurgical group based in Paris.

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