Payless to Emerge from Bankruptcy as Rare Survivor - The Business of...

08/09/17


The Business of Fashion

Payless to Emerge from Bankruptcy as Rare Survivor
The Business of Fashion
While Payless has halved its debt during bankruptcy, $280 million of new term loans carry yields between 7 percent and 9 percent, broadly in line with other distressed retailers but above average term loan yields of 3.6 percent, according to Thomson ...

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