Hudson's Bay Company (“HBC” or the “Company”) (TSX: HBC) today announced
that it has closed a US$1.25 billion, 20-year mortgage loan on the
ground portion of its Saks Fifth Avenue flagship in New York City,
located at 611 Fifth Avenue (the “Saks Ground Mortgage”). The Saks
Ground Mortgage was made pursuant to a loan agreement dated December 3,
2014 with lenders Bank of America, N.A., Morgan Stanley Bank, N.A.,
Goldman Sachs Mortgage Company and The Bank of Nova Scotia.
for Hudson’s Bay Company Closes Previously Announced US$1.25 Billion, 20-Year Mortgage Financing investment picks