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Stock impact report

Saks in Talks for $1 Billion Bankruptcy Loan to Keep Doors Open [Yahoo! Finance]

PJT Partners Inc. Class A (PJT) 
Last pjt partners inc. class a earnings: 4/28 06:50 am Check Earnings Report
Company Research Source: Yahoo! Finance
bankruptcy filing that could happen in coming weeks, according to people familiar with the situation. The cash-strapped luxury retailer, which skipped an interest payment to bondholders due Dec. 30 totaling more than $100 million, has been negotiating a forbearance with some of its creditors, said the people, who asked not to be identified because the talks are private. That could buy the company more time to hammer out a financing agreement or craft a reorganization plan. Most Read from Bloomberg Sinkholes and Quake-Hit Roads Expose Japan's Infrastructure Emergency Some Saks bondholders have discussed a so-called debtor-in-possession loan that may include at least $750 million of new money and a potential roll-up of existing debt to allow the company to continue operating after it files for bankruptcy, the people said. Still, the situation is fast-moving and the structure of any financing could change, they said. Messages with Saks were not returned, while a representative Show less Read more
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