Golden Gate Capital now has a 19.9 percent stake in Zale Corp, according to an SEC filing. Zale closed on a new $150 million, five year senior secured term loan provided by the private equity firm last week.
According to a Reuters report, Golden Gate now holds 6.4 million shares, making it the second largest shareholder after Breeden Capital Management.Follow JCK on Instagram: @jckmagazine
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