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Macy’s, American Eagle Eye $5.4B Raise as COVID-19 Costs Pile Up

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In the wake of the coronavirus outbreak that has left stores shuttered to stop its spread, retailers have drawn down billions on their credit lines, and now some are moving on to raise debt in an effort to repay their hefty borrowings. Macy’s is looking to raise up to $5 billion, while teen retailer American Eagle…

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