Macy’s taps Bank of America for US$5bn in debt to support operations [Reuters]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Reuters
Macy’s taps Bank of America for US$5bn in debt to support operations NEW YORK, April 22 (LPC) - Department store chain Macy’s is looking to raise up to US$5bn in debt financing, two sources familiar with the discussions told Refinitiv LPC on Wednesday. Bank of America is leading the transaction. The financing package could comprise cash flow and asset-based components including debt secured by real estate assets, the two sources said. CNBC first reported the debt financing on Tuesday. The new financing may also encompass a refinancing of Macy’s existing debt, one of the sources said. The move comes as retailers have been forced to shutter their stores on government orders as consumers remain indoors and avoid large public gatherings to limit the spread of the coronavirus. All of Macy’s stores, including the Bloomingdales, and Bluemercury brands, have been closed since March 18, according to a company press release. Though the retailer has lost the majority of its sales due to the clos
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News
- Macy's (NYSE:M) had its "neutral" rating reaffirmed by analysts at The Goldman Sachs Group, Inc..MarketBeat
- Macy's (NYSE:M) had its "cautious" rating reaffirmed by analysts at Evercore ISI.MarketBeat
- Macy's (NYSE:M) had its price target raised by analysts at Morgan Stanley from $20.00 to $21.00. They now have an "equal weight" rating on the stock.MarketBeat
- Macy's Posts Earnings Beat, but Consumers Are ‘Choiceful' Heading Into Holiday [Yahoo! Finance]Yahoo! Finance
- Macy's (NYSE:M) had its "positive" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
M
Earnings
- 12/3/25 - Beat
M
Sec Filings
- 12/3/25 - Form 8-K/A
- 12/3/25 - Form 8-K
- 11/5/25 - Form SCHEDULE
- M's page on the SEC website