Kohl`s Corp.

NYSE:KSS  
28.69
-7.00 (-19.61%)
5:24:10 PM EDT: $28.57 -0.12 (-0.42%)
Debt Financing / Related, Mergers / Acquisitions

Franchise Group Enters Into Exclusive Negotiations With Kohl’S Corporation

Published: 06/07/2022 00:09 GMT
Kohl`s Corp. (KSS) - Franchise Group Enters Into Exclusive Negotiations With Kohl’s Corporation.
Franchise - Co to Contribute Approx $1 Billion of Capital to Transaction, All Expected to Be Funded Through a Increase in Size of Its Secured Debt Facilities.
If Transaction is Completed, It is Anticipated Free Cash Flow, Adjusted EBITDA, Non-GAAP EPS of Franchise Group to Increase.
Majority of Financing for Transaction is Anticipated to Be Provided on Basis of Real Estate Assets of Kohl's Corporation.