Cornerstone building brands provides covid-19 business update

Cornerstone building brands provides covid-19 business update.cornerstone building brands inc - lowering 2020 capital expenditures by an estimated $30 million.cornerstone building brands inc - reducing discretionary and non-essential expenses.cornerstone building brands inc - reducing discretionary and non-essential expenses.cornerstone building brands inc - continuing to optimize working capital.cornerstone building brands - increasing cash on hand by $260 million from a draw on its asset-based revolving credit facility and its cash flow revolver.cornerstone building brands inc - as of march 31, 2020, company had cash and cash equivalents of over $400 million.cornerstone - increasing cash on hand by $260 million from draw on asset-based revolving credit facility & cash flow revolver, both expire in april 2023.cornerstone building brands inc - taking prudent and precautionary steps to maintain financial flexibility and liquidity.cornerstone building brands - are well positioned to navigate uncertainty of current situation.
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