Login

Macy's Clears Major Financial Hurdle With $4.5 Billion in New Financing

Largest Shopping Center Tenant to Tweak Restructuring Plans as It Reopens Stores During Pandemic
Macy's has secured $4.5 billion in new financing. (iStock)
Macy's has secured $4.5 billion in new financing. (iStock)
By Jennifer Waters
CoStar News
June 8, 2020 | 10:06 P.M.

In a welcome move for Macy’s landlords and investors, the department store retailer locked in a $3.5 billion asset-backed credit agreement to reach the $4.5 billion in new financing to cover mounting bills and debts.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE