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Belk Secures $1.275 Billion in New Financing from Wells Fargo and Pathlight Capital. This new asset-based revolving credit enhances financial flexibility and supports Belk's continued investment in its customers and stores.
Amount Raised
$1.28 Billion
Round Type
Debt Financing
StamfordE CommerceFashionRetailInvestors
Description
Belk, Inc., a regional department store, announced the closing of $1.275 billion in new senior secured credit facilities. The financing, secured from Wells Fargo and Pathlight Capital, will enhance Belk's financial flexibility. It will also support ongoing investments in customer service, store improvements, and omnichannel initiatives. This move signals Belk's commitment to growth in the Southeastern United States.
Fundz sees it the moment Belk raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Belk raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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