Belk Financial News 2024 Conference. Is looking to raise around $500 million in fresh capital to help refinance existing debt and shore up its cash reserves, people familiar with the situation told bloomberg. Is looking to raise around $500 million in fresh capital to help refinance existing debt and shore up its cash reserves, people familiar with the situation told bloomberg.
Belk is unloading more than $950 million in debt and giving some lenders more controlling interests in the company just three years after emerging from. A bloomberg report said belk is in talks with kkr & co.