March 26, 2020 / 8:35 PM / 14 days ago

Gap suspends dividend for year, draws down $500 mln credit due to virus outbreak

March 26 (Reuters) - Gap Inc said on Thursday it would suspend its regular quarterly cash dividend for the rest of the year and draw down the entire $500 million on its revolving credit facility as it looks to soften the blow from the coronavirus pandemic. (Reporting by Saumya Sibi Joseph in Bengaluru; Editing by Ramakrishnan M.)

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