1. Macy's Weighs Raising as Much as $5 Billion in Debt to Weather Coronavirus Crisis

    Macy's Weighs Raising as Much as $5 Billion in Debt to Weather Coronavirus Crisis

    Macy's is taking extreme measures to avoid dire outcomes like bankruptcy, and will try to raise billions in debt to weather the pandemic crisis, according to people familiar with the matter. The country's largest department store is looking at raising as much as $5 billion in debt, the people said...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Question of The Week, Sponsored Content
  2. Quotes

    1. As we have previously communicated, the coronavirus pandemic continues to take a toll on Macy's business. While the digital business remains open, we have lost the majority of our sales due to our store closures.
  3. Topics Mentioned

  4. Authors