Saks secures $600M funding, disappointing some bondholders: report
Saks is facing challenges as it recently secured a $600 million cash infusion from bondholders. This deal could potentially place other lenders at a disadvantage, leading to losses and diminished rights. The arrangement involves two parts. Initially, $300 million will be provided right away by investors holding half of Saks’ $2.2 billion high-interest debt from […]
Why NYC bondholders should be very afraid of 1970s-style financial crisis
The clown car, a New York politics where the mayor hangs for his life and the left-wing assortment might drive Gotham, is an unfortunate sight. It also shows a risk to financial market chunks as it is an existential threat to investors holding billions of dollars in municipal debt in New York City, analysts say […]