This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Macy’s Opens Books to Arkhouse and Brigade Amid Buyout Bid
March 20, 2024
Macy’s is said to have opened its books to Arkhouse and Brigade Capital after the investment companies upsized their buyout bid earlier this month by 14% to $6.6bn. A spokesperson for Macy’s said that the retailer has now entered into a confidentiality agreement with the two companies that now allows for the exchange of commercially sensitive information. Sources note that having this information could help Arkhouse and Brigade secure financing options for the deal. Thus far, both firms have secured letters from Jefferies Financial and have provided commitments for their equity bids by partnering with Fortress Investment Group and One Investment Management US.
Macy’s bonds were trading stable with its 6.7% 2028s at 97.8, yielding 7.3%
For more details, click here
Go back to Latest bond Market News
Related Posts:
Macy’s Upgraded to BB by S&P
March 1, 2022
Macy’s Secured Notes Downgraded to Ba2 by Moody’s
April 6, 2022
Macy’s Receives Offer to Go Private, Sources Say
December 11, 2023
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.