News and Analysis
99 Cents on hunt for financing amid sales pressure
- Rachel Butt
- +Bill Weisbrod
•2 min read
99 Cents is working with Jefferies to raise new financing to support working capital needs, according to 9fin sources.
The discount retailer, owned by Ares and Canada Pension Plan Investment Board, is gauging investor interest in a roughly $175m credit facility, sources said.