Macy’s, Inc. Provides Update in Response to COVID-19 Outbreak
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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US:NYSE Investor Relations:
macysinc.com/ir
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Source: Business Wire
Company taking actions to provide additional financial flexibility Accessing $1.5 billion credit facilitySuspending quarterly cash dividendReviewing all non-essential operating expenses and reducing 2020 capital expendituresWithdrawing 2020 sales and earnings guidance due to ongoing disruption NEW YORK--(BUSINESS WIRE)--Macy’s, Inc. (NYSE: M) today announced several actions to position the company for financial flexibility in response to the continued spread and impact of COVID-19.Drawdown of Revolving Credit FacilityAs previously disclosed, the company has access to a revolving credit facility that provides for borrowings and letters of credit in an aggregate amount of $1.5 billion. As a proactive measure, on March 19, 2020, the company elected to access the $1.5 billion available under this facility. The credit agreement is scheduled to expire on May 9, 2024.Suspension of Quarterly Cash DividendThe company is suspending its regular quarterly cash dividend payout beginning in the
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News
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M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website