The doorway to a Macy’s division retailer.
Jeffrey Greenberg | Common Photographs Group | Getty Photographs
“We have now been engaged on this course of for some time,” CFO Paula Worth stated throughout a digital hearth chat with Gordon Haskett analyst Chuck Grom. “We have now recognized lead banks. … [We’re] assured we can have a deal closed and funded nicely upfront of once we want extra liquidity.”
CNBC had previously reported that Macy’s was weighing elevating as a lot as $5 billion in debt to climate the coronavirus disaster.
Worth stated Thursday that the corporate’s strongest belongings to make use of as collateral to boost the debt, embody its stock and unencumbered actual property.
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