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‘s transfer to carry equity has depressed its inventory and lifted its bonds as retailers try and understand the phrases of a dilutive and actually complicated offering.
The troubled retailer, which had said it confronted the prospect of chapter if it can in all probability’t enhance $1.025 billion inside the equity offering, said late Tuesday that it accomplished the deal. That launched in preliminary gross proceeds of roughly $225 million, whereas administration expects to acquire an further $800 million in future installments, if sure circumstances are met.
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