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@ Yahoo! Finance - by layer3.news
2025-05-21 05:34:03
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✍️ Saks Global is facing uncertainty and concerns about its ability to make its $120 million interest payment due June 30, which could lead to a credit rating downgrade and potential bankruptcy.
👉 Saks Global's financial situation is uncertain due to its plans to pay vendors more slowly and its yearlong schedule to cover back payments starting in July.
👉 The company's bondholders are concerned about its ability to make its $120 million interest payment due June 30.
👉 Experts believe that Saks could cut a deal with bondholders or gain support from companies like Amazon or Authentic Brands Group.
👉 Others see a potential path to bankruptcy if the company misses its interest payment and fails to find a solution.
#EmilyEssner #PrabalGurung #DonaldTrump #GaryWassner #TimHynes #JamieSalter #RichardBaker #London #FifthAvenue #business
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