The Wall Street Journal @WSJ

The parent company of Saks Fifth Avenue and Neiman Marcus raised a fresh round of financing to buy itself more time to prove the merger of the two luxury retailers can succeed https://t.co/zh4Pdnffy9

www.wsj.com

Saks Secures Financing and Plans to Make Debt Payment Monday

Owner of Saks Fifth Avenue and Neiman Marcus is expected to ask bondholders excluded from the financing to take a haircut.