J Crew Raises $400M

U.S. multi-brand, multi-channel, specialty retailer, J Crew Group, has raised a total of $400 million in a bond sale.

U.S. multi-brand, multi-channel, specialty retailer, J Crew Group, has raised a total of $400 million in a bond sale, Reuters reports. The company issued the senior notes in the 144a private placement market.The bonds, which carry a coupon rate of 8.12%, will mature on March 1, 2019. The joint book-running managers for the sale were Goldman Sachs and Bank of America Merrill Lynch.

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