Gap Floating $2.25 Billion in New Debt Financing
Struggling retailer Gap (NYSE:GPS) is raising $2.25 billion by issuing new debt, the company announced Thursday. This will come from three senior secured notes. The first has an aggregate principal amount of $500 million, an annual interest rate of 8.375%, and matures in 2023. The second is a $750 million issue bearing a rate of 8.625% and …
News story posted on 2020-04-25T05:59:00.0000000Z
#LIVE: Day 6 of George Floyd #BLM Protests in Minneapolis St Paul Minnesota
Day 6 of George Floyd protests: Sunday, May 31, 2020 As crowds of protesters once again gathered at the Minneapolis, Minnesota site of Floyd's arrest and subsequent death. Shortly after 6:00 p.m., a semi-truck tanker drove into a crowd of protesters on the I-35W...
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