GoldenTree Makes $200 Million Bet on Saks Bankruptcy Rescue Loan

GoldenTree Asset Management will buy a chunk of a $1 billion bankruptcy financing for Saks Global Enterprises, in a bet that the iconic department store will make it through Chapter...

By Reshmi Basu · Bloomberg Markets

GoldenTree Asset Management will buy a chunk of a $1 billion bankruptcy financing for Saks Global Enterprises, in a bet that the iconic department store will make it through Chapter 11 and chart a path forward.