August 4, 2025
Willkie advised Saks Global Enterprises LLC on a $600 million financing transaction with the company’s existing bondholders.
Saks Global recently announced that it secured $600 million in financing commitments from a majority of its existing bondholders. The transaction includes a $400 million First-In, Last-Out (FILO) asset-based credit facility and $200 million in additional commitments subject to the satisfaction of certain conditions.
Willkie previously advised Saks Global on its acquisition in 2024 of Neiman Marcus Group for a total enterprise value of $2.7 billion.
Saks Global is a combination of world-class luxury retailers, including Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue and Saks OFF 5TH, as well as a portfolio of prime U.S. real estate holdings and investments.
