Saks Global Secures Additional $300 Million, Bondholders Endorse Five-Year Plan
Saks Global said it has drawn an additional $300 million from its $1.75 billion bankruptcy financing package and received approval from an ad hoc group of bondholders for a five-year business plan. The company said the latest tranche completes its pre-emergence financing package, provides sufficient liquidity to support operations, and that key ele…