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Macy's has also enlisted debt restructuring lawyers at Kirkland & Ellis LLP, two of the sources said. Macy's has asked its advisers to help manage its liabilities and explore options that could include new financing, the sources said, adding that no debt restructuring is imminent. The sources asked not to be identified because the deliberations are confidential. A spokeswoman for Macy's said in a statement that the company is "exploring numerous options to strengthen our capital structure, " adding that it maintains relationships with a range of advisers. The company, which operates the Macy's and Bloomingdale's department stores, declined to comment further beyond pointing to previous steps it has taken in response to the pandemic, which include suspending its quarterly dividend, drawing down its credit line, deferring spending, reducing pay at most management levels and furloughing the majority of its roughly 123, 000 employees. A Kirkland spokeswoman did not immediately respond to a request for comment.
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Pandemic/power-outages-deaths in the family have caused turmoil to spill over where it was kept boiling under the surface for decades. I have no outlet or means to get out of this situation and my father is unwilling to come to terms or build a working relationship with his failings/inadaquecies that are making this time especially difficult. I'm just lost, and alone and afraid and I need anyone to see this. I don't know where to turn for actionable steps to get out of this and at least save myself because my father is destroying himself and me all the same.