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Reuters: Macy’s Announces $1.1B Bond Offering to Repay Revolver

May 26, 2020, 09:19 AM
Filed Under: Retail
Related: Macys

According to a Reuters report, Macy’s is planning to raise $1.1 billion in a bond offering, backed by a first mortgage on some of its properties, to repay funds borrowed under a revolving credit facility.

According to the Reuters report, Macy's drew down a $1.5 billion credit facility in March as it had to temporarily close stores.

Read the full Reuters report here.

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