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Kohl’s Corp. is planning a high-yield debt sale as the beleaguered retailer tackles a fast-approaching bond maturity.
The company, which is currently looking for a new chief executive officer, plans to sell about $360 million of junk bonds to raise cash to refinance debt coming due this year, according to a statement on Tuesday. The five-year secured bond offering will provide the retailer with additional capital to refinance borrowings under its revolving credit facility, Kohl’s said,…
