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Stock impact report

Saks Owner HBC Seen on Track to Close Deal for Neiman Marcus Group [Yahoo! Finance]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
Company Research Source: Yahoo! Finance
“We are working on a bond. It's been well received,” Richard Baker, HBC executive chairman and chief executive officer, told WWD on Wednesday. More from WWD Authentic Brands Group Selects Sequence Tulum for Barneys Residences EXCLUSIVE: Saks Survey Sees Luxury Consumers Ready to Party, Most Spending the Same or More On Holiday Gifts Burberry Expands British Park-themed Pop-ups to More Global Locations Other sources indicated that HBC was working with Jefferies Financial Group. “The bond market is very strong and there's a lot to love about this [Neiman's] deal,” Baker said. He said he's working to get the bond executed in a way that's “the most efficient, fastest and best way” possible. When HBC unveiled the Neiman Marcus deal in July, the company said the purchase price would be funded by a combination of equity capital from new and existing shareholders and debt facilities, including Amazon and Salesforce as new investors. Rhône Capital continues as an investor and Show less Read more
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