Men’s Wearhouse Slaps 10% Yield on Junk Bond to Fund Payout (1)

Men’s Wearhouse has begun marketing a $400 million junk bond, offering one of the highest yields of the year, as the clothing retailer seeks funds to pay owners following one of the busiest periods ever for debt-funded dividends.

Price guidance is a yield of 9.75% to 10%, according to a person familiar with the matter who also asked not to be named as they’re not authorized to speak publicly.

The highest coupon on a US junk note sold in 2026 is 9.75%, according to data compiled by Bloomberg News. More than 25 bonds had coupons of at least 10% in ...