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The Rales brothers’ rapid takeover strategy initially relied on Michael Milken’s infamous junk bonds.—Rebecca Keegan, The Hollywood Reporter, 27 Feb. 2025 Saks Global executive chairman Richard Baker managed to pull off the $2.7 billion acquisition with the support of Amazon, Salesforce, G-III Apparel Group and Authentic Brands Group and $2.2 billion in junk bonds, despite Saks owing its vendors hundreds of millions of dollars.—David Moin, WWD, 6 Jan. 2025 Bloomberg reported Wednesday that a $2.2 billion junk bond financing the acquisition saw strong demand.—David Moin, WWD, 11 Dec. 2024 That gives the company a little distance from junk bond territory one tier down the rating scale.—Evan Clark, WWD, 3 Dec. 2024 See All Example Sentences for junk bond
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