Belk Financial News 2025. Sycamore continues to own approximately 50.1% of the company. A bloomberg report said belk is in talks with kkr & co.
As a result of the restructuring, belk has received $225 million of new capital, significantly reduced its debt by approximately $450 million and extended. Is looking to raise around $500 million in fresh capital to help refinance existing debt and shore up its cash reserves, people familiar with the situation.
Sycamore Partners Got To Keep A 50.1.
Confirmed today its plans to file for chapter 11 protection and said it has already cinched a plan.
For A Financing Package That Could Possibly Include $200 Million From Private Credit Firms.
Us department store chain belk has completed financial restructuring with the help of its owner sycamore partners and lenders including kkr credit and.
Belk Financial News 2025 Images References :
The Rsa Enables Belk To Raise $225 Million Of New Capital, Significantly Reduce Debt By Approximately $450 Million, And Extend Maturities On All Term Loans To July 2025.
A potential restructuring wouldn’t be the first one for belk.
Department Store Chain’s Term Loan Due 2025 Rose 12.25 Cents On The Dollar To ~50 Cents, According To Trading Data Compiled By Bloomberg.
A bloomberg report said belk is in talks with kkr & co.