Belk Secures $1.275 Billion in New Financing from Wells Fargo and Pathlight Capital
Belk, Inc. closed $1.275 billion in new senior secured credit facilities arranged with Wells Fargo Bank and Pathlight Capital. The package pairs a $900 million five-year asset-based revolving credit facility with a $375 million FILO term loan, replacing Belk's prior ABL, FILO and securitization facilities.
Key figures
- Deal Value Usd
- 1275000000
- Abl revolver
- 900000000
- Term maturity
- five-year
- Filo term loan
- 375000000
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