Site icon Digital Commerce 360

Gap seeks $2 billion from junk bond sale to shore up liquidity

(Bloomberg)—Gap Inc., No. 23 in the 2020 Digital Commerce 360 Top 1000, is seeking to raise $2 billion in the junk bond market as the clothing retailer looks to shore up liquidity amid disruption caused by the coronavirus, according to people familiar with the matter. The company is offering $500 million of three-year bonds, $1 […]

Exit mobile version