Saks Weighs Fresh Debt Raise After Neiman Merger Bonds Tank 35%

Saks Global Enterprises said it’s considering raising more debt, seeking to shore up its finances as President Donald Trump’s trade policies threaten to batter the US retail sector.

“In this period of economic uncertainty, driven by tariffs and the threat of further trade restrictions, we are prudently evaluating opportunities to strengthen our balance sheet,” the company said in an emailed statement. The new debt would come in the form of a so-called first-in, last-out loan raised under the $1.8 billion borrowing capacity of its existing revolving credit facility, it said.