-- US retailer J. Crew is feeling out investor interest in refinancing a loan it used to exit bankruptcy four years ago, according to people with knowledge of the matter.Goldman Sachs is pre-marketing a term loan of about $400 million to refinance the debt, said the people, asking not to be named discussing private information. The deal could launch in September, the people added.
The bankruptcy exit facility that would be refinanced pays interest in-kind and isn’t due until 2027. Anchorage, GSO Capital Partners LP and Davidson Kempner Capital Management LP were among those who provided the debt. Tailored Brands, another US clothing retailer that failed during the pandemic, privately placed a $550 million term loan in February at 6.5 percentage points over the Secured Overnight Financing Rate and at a 3-cent discount to par. The proceeds went toward a share buyback.
It's been 25 years of SpongeBob SquarePants and now Carolyn Lawrence's character has a Netflix movie, Saving Bikini Bottom: The Sandy Cheeks Movie.We recently compiled the 7 Best Heavy Equipment and Industrial Machinery Stocks to Buy.In this article, we are going to take a look at Emerson Electric Co. against the other equipment and industrial machinery stocks. Heavy equipment and industrial machinery stocks aren’t for those investors who are fans of sharp growth.
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