Saks Creditors Form Majority Group Ahead of Potential Debt Talks
Saks Global Enterprises creditors that hold more than half of its $2.2 billion bond due 2029 have organized and are preparing for potential talks with the company regarding its financing
Saks Slashes Outlook and Reports Sales Drop on Inventory Issues
Saks Global Enterprises slashed full-year guidance and reported a sales decline in an earnings update to investors on Thursday, citing challenges managing the flow of inventory after
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Saks Bonds Plunge as Investor Update Deepens Cash Concerns
The bonds of department store Saks Global Enterprises sank deeper into distress on Monday after a call with management fell short of reassuring investors'' concerns about its financial
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Saks Bonds Crater Leaving Creditors Facing $1 Billion in Losses
Saks took over Neiman Marcus to become a luxury powerhouse, but just five months later, the debt is on the verge of collapse, with bondholders facing almost $1 billion in losses. The
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Saks in Talks for $600 Million of New Debt as Payment Nears
Saks Global Enterprises is in talks with bondholders to borrow up to $600 million in additional funding, on top of its existing $2.2 billion in senior secured bonds. The company is
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Battery Storage Enclosures | Maysteel Industries
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Battery Enclosure Manufacturer, Custom Weatherproof Battery Box
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Saks'' Distressed Debt Tumbles to Lows Ahead of Interest Deadline
Saks Global Enterprises'' debt has sunk to new lows in recent days as the luxury retailer faces a more than $100 million interest payment deadline at the end of the month amid sales
Electrical & Electronic Enclosures, Cabinets & Racks, Outlet Strips
Hammond Manufacturing is a leading manufacturer of industrial enclosures, electronic enclosures, racks & rack cabinets, transformers, outlet strips and climate control products.
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Saks in Talks for $1 Billion Bankruptcy Loan to Keep Doors Open
Saks Global Enterprises is looking to line up a loan of as much as $1 billion to keep the business running as part of a Chapter 11 bankruptcy filing that could happen in coming weeks. The
Saks Mulls Bankruptcy After Raising Billions for Turnaround
Saks Global Enterprises is considering Chapter 11 bankruptcy as a last resort due to a more than $100 million debt payment due at the end of this month. The company is also weighing