In Brief: Chemical Bankruptcy Loan Backs N.Y. Clothier

Chemical Banking Corp. will arrange a $100 million debtor- in-possession financing backing the clothing store Barney's New York, according to Gold Sheets.

The deal will run 13 months. Pricing is the London interbank offered rate plus 250 basis points, with a commitment fee of 50 basis points.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER