Macy's weighs raising as much as $5B in debt to weather crisis [MSN Money]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: MSN Money
It will seek to use its invtory as collateral to raise $ billion and real tate to raise $ billion to $ billion, they said.The people strsed that bankruptcy is not a focus for Macy's at this time.© Provided by CNBCMacy's is taking extreme measur to avoid dire outcom like bankruptcy, and will try to raise billions in debt to weather the pandemic crisis, according to people familiar with the matter.Load ErrorThe country's largt departmt store is looking at raising as much as $5 billion in debt, the people said. It will seek to use its invtory as collateral to raise $ billion and real tate to raise $ billion to $ billion, they 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 invtmt bank Lazard to help shore up its balance sheet.The people strsed that bankruptcy is not a focus for Macy's at this time. But the decision to take on billions in debt for the historically financiall
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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