FREE Sign upLogin
Nordstrom family struggles to keep company buyout deal together

Nordstrom family struggles to keep company buyout deal together

EB-5 Visa, EB5 Visa, EB-5 Investment

Rendering of the Nordstrom flagship store and its main entrance on 57th Street

Banks are wary they can’t sell debt before holiday sales season

The Nordstrom family is scurrying to come up with more equity to take the retailer private as it struggles to raise financing for what could be a $10 billion leveraged buyout.

The family had originally planned to put up its 31 percent stake in the company, which as of Aug. 1 was valued at $2.5 billion, and private-equity firm Leonard Green & Partners was to contribute another $1 billion in equity, the Wall Street Journal reported.


Source: https://therealdeal.com/2017/10/06/nordstrom-family-struggles-to-keep-company-buyout-deal-together/

Mentions

States

  • New York


Subscribe for News

Site Digest

Categories

Free eb5 consultation

Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.