Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 08-06-2020 | Practice Area: | Debt Capital Markets |
| Deal Title: | Macy's Offering of Senior Secured Notes due 2025 | Industry: | General Retailers |
| Description: |
Davis Polk advised the representatives of the initial purchasers in a Rule 144A/Regulation S offering by Macy's, Inc. of USD1.3 billion aggregate principal amount of its 8.375% senior secured notes due 2025. The notes were senior, secured obligations of Macy's and were secured on a first-priority basis by a first mortgage/deed of trust in certain real property of subsidiaries of Macy's that had been or were to be transferred to subsidiaries of a newly created direct, wholly owned subsidiary of Macy's, Propco and a pledge by Propco of the equity interests in its subsidiaries that owned or were to own such transferred real property.
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| Financial Center: | New York | Value: | 1000.01-5000.00 |
| Advised Party: | Underwriter | Law Firm | Davis Polk |
| Issuer Jurisdiction | United States | Listing Jurisdiction | United States |
| Classification: |
Corporate Bonds Senior Debt |
Lawyer | Michael Kaplan |
