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Saks Global executive chairman Richard Baker managed to pull off the $2.7 billion acquisition with the support of Amazon, Salesforce, G-III Apparel Group and Authentic Brands Group and $2.2 billion in junk bonds, despite Saks owing its vendors hundreds of millions of dollars.—David Moin, WWD, 6 Jan. 2025 Bloomberg reported Wednesday that a $2.2 billion junk bond financing the acquisition saw strong demand.—David Moin, WWD, 11 Dec. 2024 That gives the company a little distance from junk bond territory one tier down the rating scale.—Evan Clark, WWD, 3 Dec. 2024 Standard & Poor’s, which is on the verge of downgrading Boeing’s credit rating to junk bond status for the first time in the company’s history, estimates that the strike is costing Boeing an additional $1 billion a month, on top of its existing rate of losses.—Chris Isidore, CNN, 23 Oct. 2024 See All Example Sentences for junk bond
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