Saks’ S&P Scorecard Shows Continued Concerns About Liquidity
Yahoo Finance·2025-09-16 03:38
Interest expense to cover all the debt load will be about 400 million over the next 12 months, S&P said — which comes on top of payments due to vendors, for past-due bills and new merchandise.The rating agency expects the company will see a 500 million deficit in reported free operating cash flow this year “partially driven by nonrecurring expenses related with the capital structure transaction, acquisition and higher interest expenses.”“While the new capital structure provides a much-needed infusion of c ...