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Stock impact report

Reuters: Macy’s hires Lazard to boost finances after shutdown [MSN Money]

Lazard, Inc. (LAZ) 
Last lazard, inc. earnings: 4/30 06:49 am Check Earnings Report
US:NYSE Investor Relations: investor.shareholder.com/lazard
Company Research Source: MSN Money
(Bloomberg) -- Macy’s Inc. hired Lazard Ltd. to explore options to boost financ after the departmt-store operator shut all its stor because of the coronavirus outbreak, Reutersreported© BloombergMacy’s tapped Lazard bankers who specialize in exploring options to recapitalize financially troubled compani and rework debts, according to Reuters.Load ErrorThe company also listed debt-rtructuring lawyers at Kirkland & Ellis LLP, the news agcy cited two people as saying. Macy’s asked advisers to assist with managing its liabiliti, the report said, adding that no reorganization of its borrowings is immint.A Macy’s spokwoman said in a statemt that the company is exploring options to strgth capital structure, and that it is maintaining relationships with a range of advisers, Reuters reported. Kirkland did not immediately rpond to Reuters’ requt for commt, and Lazard declined to commt, the news agcy said.Last week, Macy’s Chief Financial Officer Paula PriceannouncedFor more articl like this, pl Show less Read more
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