Ingram Micro’s Balance Sheet ‘Protected’ From HNA Debt
“Additionally, any debt at the HNA level has no recourse to Ingram Micro or our financing facilities, therefore, financial difficulties or a default by HNA cannot impact Ingram Micro. Finally, our balance sheet is also protected so that the anyway Ingram Micro is allowed to send money to HNA is through the payment of dividends, which are limited by our financial covenants.”
