Macy's weighs raising as much as $5 billion in debt to weather coronavirus crisis [MSNBC.com]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: MSNBC.com
Macy'sThe country's largest department store is looking at raising as much as $5 billion in debt, the people said. It is not planning to pledge its prime Herald Square location in New York as part of the deal, one of the people said.The retailer earlier this year retained investment bank Lazard to help shore up its balance sheet. But the decision to take on billions in debt for the historically financially conservative company is a sign of the pressure it is facing as its stores have been forced shut and revenue has run dry.The people requested anonymity because the information is confidential. In a statement provided to CNBC, a spokesperson for Macy's said: "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.""Macy's has taken multiple actions to improve our position and improve financial flexibility, including suspending ou
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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