Content about Debt

June 19, 2013
Rite Aid to buy back $810 million in debt

Rite Aid is offering to buy back $810 million worth of debt while increasing the amount of a new bond sale announced Tuesday, the retail pharmacy chain said.

June 10, 2013
Rite Aid forecasts Q1 profit; in debt refinancing move

Rite Aid projected that it would turn a profit in the first quarter of fiscal year 2014, results of which it will announce next week.

May 30, 2013
Survey: 11% of adults consider themselves shopaholics

Survey results released Thursday by CouponCabin.com found that more than one-in-10 Americans say their shopping habits have put them in debt, with 20% saying the most amount of shopping debt they've been in exceeds $5,000.

February 6, 2013
2013: The year retail rebounds?

By Gary Glick, Cox, Castle & Nicholson LLP

September 12, 2012
Piccadilly Restaurants files for bankruptcy

Cafeteria-style restaurant chain Piccadilly Restaurants filed for Chapter 11 bankruptcy protection on Friday, citing a breakdown in talks with its lender Atalaya Capital Management.

August 27, 2012
Why Specialty Lenders Give Retailers an Edge

By Jim Hogan, GE Capital

August 9, 2012
GE Capital Retail Bank, Sam’s Club extend member credit card program

GE Capital Retail Bank, a consumer lending unit of General Electric Co., and Sam’s Club announced their multi-year agreement to continue providing the Sam’s Club credit card program to their Advantage and Business members.

July 12, 2012
The Pantry announces debt refinancing

The Pantry said that it is pursuing debt refinancing consisting of up to $480 million of senior secured credit facilities and $250 million aggregate principal amount of senior notes.

June 27, 2012
Dollar General to sell $450 million in senior debt

Dollar General Corp. said Wednesday it is offering $450 million in senior notes due in 2017.

May 7, 2012
Barneys gets new owner in debt-for-equity swap

Barneys New York said that it has reached an agreement with its largest lender, Perry Capital, and other lenders to significantly reduce the retailer’s debt and improve its capital structure.

March 20, 2012
Survey: Importers preparing for surge in consumer spending

Importers who sell to America’s major retailers are preparing for a significant uptick in consumer spending this spring and summer according to a recent survey conducted by Capital Business Credit, (CBC), a non-bank lender that services the retail sector.

January 3, 2012
ARG: Holiday credit-card debt to drive down January and February sales

January post-holiday sales will plunge to some of the lowest levels in years thanks to a surge in credit card spending over the Christmas season, according to consumer research firm America’s Research Group (ARG).

November 1, 2011
Stein Mart completes new bank credit facility

Stein Mart said it has completed a new $100 million senior secured revolving credit facility with Wells Fargo Bank, N.A. to replace an existing $150 million revolving credit facility, which was maturing in early 2012.

September 13, 2011
Neiman Marcus Q4 loss widens on debt-related expense as sales rise 11%

Neiman Marcus Group reported a fiscal fourth-quarter loss on debt-related expense and slightly lower margins, even as its revenue rose 11%.

June 7, 2011
Safeway inks new $1.5 billion revolving credit agreement

Safeway said Tuesday it has signed a new $1.5 billion revolving credit agreement that replaces a $1.6 billion facility.

April 28, 2011
Safeway Q1 profit falls on tax charge

Taxes related to Safeway's effort to pay down debt reduced its first-quarter net income, but the company's adjusted results beat Wall Street's expectations as its revenue rose, the Associated Press reported.

April 26, 2011
RadioShack to sell $300 million in debt

RadioShack Corp. said Monday that it plans to sell $300 million in debt that will come due in 2019.

April 25, 2011
Borders bonus plan for executives gets OK

Borders Group won approval of an amended executive bonus plan after a judge sought changes to resolve objections from an arm of the U.S. government that oversees bankruptcies, Bloomberg reported.

April 25, 2011
Zale extends maturity of some debt

Zale Corp. is extending the maturity of $120 million of its credit facility by more than two and a half years, the Associated Press reported.

April 21, 2011
Report: Woman seeks class-action against Target over debt-collection methods

A western Pennsylvania woman filed a federal lawsuit against Target Corp. and its law firm over the chain's debt-collection practices, the Associated Press reported.

March 30, 2011
Saks extends credit agreement to 2016, revises terms

Saks said Tuesday that lenders have agreed to amend a $500 million revolving credit agreement that now extends to 2016.

March 28, 2011
Home Depot plans $2 billion of debt to build cash, buy stock

Home Depot said Monday it is returning to the corporate bond market for the second time in less than seven months to rebuild its cash stockpile and finance share buybacks.

February 10, 2011
Report: Blockbuster may try to sell itself

Blockbuster plans to put itself up for sale after a disagreement with its creditors, according to a Wall Street Journal report.

February 8, 2011
Consumer credit increases for third straight month

A report released Tuesday by the Federal Reserve said that U.S. consumer borrowing rose in December for a third consecutive month, led by the first increase in credit-card charges in more than two years as holiday sales improved.

January 28, 2011
Borders receives refinancing commitment from GE Capital

Borders Group said it has received a commitment from GE Capital, Restructuring Finance to provide a $550 million senior secured credit facility.

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