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Saks World secures US$500 million first tranche of restructuring financing

Saks World secures US0 million first tranche of restructuring financing

THE WHAT? Saks World has accessed an preliminary tranche of roughly US$500 million from a US$1.75 billion dedicated financing bundle because it strikes by Chapter 11 proceedings. THE DETAILS The corporate stated the liquidity will assist continued operations and transformation efforts throughout its retail portfolio, together with funds to model companions and improved stock move. […]

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