Saks Global Secures $500 Million in Exit Financing

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Hedge Fund

Saks Global Secures $500 Million in Exit Financing

dealbreaker

4 months ago

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Saks Global has received $500 million in exit financing from a group of senior secured bondholders as part of its total $1.75 billion bankruptcy lifeline. Saks Global expects to emerge from Chapter 11 bankruptcy this summer. The deal provides the liquidity necessary for the retailer to overhaul its capital structure and set up Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman for long-term success.Saks Global Nabs $500 Million in Post-Bankruptcy Financing [Business of Fashion] For more of th...

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