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Macy’s Closes on $4.5 Billion in New Financing

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Macy’s has completed a new round of financing totaling nearly $4.5 billion, which it said would be sufficient to float it through the foreseeable future. Still in the process of reopening its store fleet, Macy’s said the financing includes $1.3 billion of 8.375 percent senior secured notes, and a new $3.15 billion asset-based credit facility….

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