Saks Sees Chunks of New Loan Already Offered at Discount Prices

Portions of a new loan that struggling retailer Saks Global Enterprises obtained a little more than a month ago were being offered in the secondary market at below-par prices ahead of a key debt swap deadline, according to people familiar with the matter.

​Portions of a new loan that struggling retailer Saks Global Enterprises obtained a little more than a month ago were being offered in the secondary market at below-par prices ahead of a key debt swap deadline, according to people familiar with the matter.