Belk Secures $1.275 Billion in Credit Facilities From Wells Fargo and Pathlight
Belk secured $1.275 billion in new senior secured credit facilities from Wells Fargo and Pathlight Capital. The financing includes a five-year term.
Belk, a department store chain operating in the southeastern United States, said Tuesday that it had secured $1.275 billion in new senior secured credit facilities from Wells Fargo Bank (WFC) and Pathlight Capital. The five-year financing includes a $900 million asset-based revolving facility.