Monday, August 9, 2021

Macy's wipes away $1.3B in debt

Retail Dive
In another sign of financial recovery after the pandemic took a toll on its operations, Macy's is wiping away a good portion of its debt. The retailer Tuesday said that on Aug. 17 it will redeem the entire $1.3 billion principal of its 8.375% senior secured notes that were due in 2025. . . . more