Business Macy’s appears to be like to retract $1.1 billion in bond offering because the pandemic ravages its alternate
Macy’s plans to raise $1.1 billion in a bond offering, backed by a first mortgage on some of its properties, to repay funds borrowed under a revolving credit facility.The department store chain drew down a $1.5 billion credit facility in March as it had to temporarily close stores and limit its business to its app…
