HBW Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

FEDERATED/MACY'S WOULD PAY MACY'S UNSECURED CREDITORS $100 MIL. IN CASH

This article was originally published in The Rose Sheet

Executive Summary

FEDERATED/MACY'S WOULD PAY MACY'S UNSECURED CREDITORS $100 MIL. IN CASH and a pro rata 3.7% share of the combined company's common stock valued at $50 mil. under the firms' proposed joint plan of reorganization for R. H. Macy & Co., filed on July 29 in the U.S. Bankruptcy Court for the Southern District of New York. The unsecured creditors, which are owed about $400 mil., are mostly trade vendors and include Estee Lauder, Leslie Fay, Cosmair, Unilever, Chanel, Liz Claiborne and Sara Lee.
UsernamePublicRestriction

Register

RS000729

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel