Saks Global Unlocks Access to Another $300M in Bankruptcy Funding
Yahoo Finance·2026-03-16 23:02

Updated 4 p.m. ET March 16 Saks Global has a plan — and the bondholders supporting the company through its bankruptcy approve. More from WWD The luxury retailer unlocked access to an additional $300 million of the $1.75 billion in committed capital it secured in January when filing for a Chapter 11 restructuring. To unlock access to those funds the company received approval of its five-year business plan from a group of senior secured bondholders and hit other milestones. Now the court has to take a loo ...

Saks Global Unlocks Access to Another $300M in Bankruptcy Funding - Reportify