Belk Teams With Sycamore To Slash $450M Through Ch. 11
By Vince Sullivan ( January 26, 2021, 6:43 PM EST) -- Department store chain Belk Inc. announced Tuesday that it has reached an agreement with private equity investor Sycamore Partners and its secured lenders for a Chapter 11 restructuring that will slash $450 million from its balance sheet and bring $225 million in new financing commitments....
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