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News Stories (3 Results) - Saks Incorporated

Bloomberg reports Hudson’s Bay Co. has obtained about $2.8 billion of debt financing commitments to back its purchase of luxury retailer Saks Inc.Bank of America and Royal Bank of Canada are providing $1.9 billion of term loans and a $900 million... Read Story
July 31, 2013, 07:06 AM

Hudson’s Bay Company and Saks Incorporated announced that they have entered into a definitive merger agreement whereby HBC will acquire Saks for U.S.$16.00 per share in an all-cash transaction valued at approximately U.S.$2.9 billion, including debt.... Read Story
July 29, 2013, 07:36 AM

Wells Fargo Capital Finance acted as administrative agent and left lead arranger on an amended and extended $600 million senior secured credit facility that will be used for working capital and general corporate purposes for Saks... Read Story
March 29, 2013, 07:56 AM