Saks Gets $600 Million Lifeline as Creditors Face Steep Losses
(Bloomberg) — Saks Global Enterprises has reached a $600 million debt deal with a number of its existing lenders that would force some creditors to accept losses and push them...
Tag: creditors
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Wolfspeed plans US bankruptcy filing in deal reached with creditors
(Reuters) -Wolfspeed (WOLF) plans to file for bankruptcy in the United States under a restructuring agreement with creditors, which would provide it with fresh financing and slash debt by nearly...
