Zale Has New 20% Owner

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
Follow JCK on Twitter: @jckmagazine
Follow JCK on Facebook: @jckmagazine