Arkhouse Management Co. LP submitted an increased all-cash proposal to acquire Macy’s for $24.00 per share along with its partner, Brigade Capital Management (“Brigade”). Arkhouse and Brigade have also disclosed additional information about their...
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March 04, 2024, 07:48 AM
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Bloomberg reported that Macy’s plans to close almost a third of its namesake U.S. locations as the department-store chain seeks to fight off a pair of activist firms seeking to buy the company. Read the full Bloomberg news story here.
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February 29, 2024, 07:50 AM
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Macy’s, Inc. announced the closing on approximately $4.5 billion of new financing, including its previously announced $1.3 billion of 8.375% senior secured notes, as well as a new $3.15 billion asset-based credit agreement. In addition, the company...
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June 09, 2020, 09:19 AM
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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...
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May 26, 2020, 09:19 AM
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