J. Crew Eyes Debt-Market Return After Upending Lending Years Ago

US retailer J. Crew is feeling out investor interest in refinancing a loan it used to exit bankruptcy four years ago, according to people with knowledge of the matter.

Goldman Sachs is pre-marketing a term loan of about $400 million to refinance the debt, said the people, asking not to be named discussing private information. The deal could launch in September, the people added.

The preppy clothing seller filed for Chapter 11 in May 2020, marking the first major retailer to fail during the Covid-19 pandemic. Creditors took the keys to the business in exchange for snuffing out $1.6 billion ...