Category: CreditSize.com

NEW YORK–(BUSINESS WIRE[1])–KBRA Credit Profile (KCP), a division of KBRA Analytics, releases a special report which identifies CMBS exposure to Simon Property Group (SPG) sponsorship and examines the credit risks of individual loans and properties using a variety of commercial real estate metrics, including in-line tenant occupancy, net cash flow, and debt yield. The examination also considers qualitative characteristics including...

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NEW YORK–(BUSINESS WIRE[1])–Macy’s, Inc. (NYSE:M) today announced the closing on approximately $4.5 billion of new financing, including its previously announced $1.3 billion of 8.375% senior secured notes, as well as a new $3.15 billion asset-based credit agreement. In addition, the company has amended and substantially reduced the credit commitments of its existing $1.5 billion unsecured credit agreement. The company intends...

NEW YORK–(BUSINESS WIRE[1])–American Express Company (NYSE: AXP) today reported first-quarter net income of $367 million, or $0.41 per share, compared with net income of $1.6 billion, or $1.80 per share, a year ago. (Millions, except percentages and per share amounts) Quarters Ended March 31, Percentage Inc/(Dec) 2020 2019 Total Revenues Net of Interest Expense $ 10,310 $ 10,364 (1) Net...