Saks Creditors Form Majority Group Ahead of Potential Debt Talks

Saks Global Enterprises creditors that hold more than half of its $2.2 billion bond due 2029 have organized and are preparing for potential talks with the company regarding its financing options, according to people with knowledge of the matter.

The group has hired Lazard Inc. and Paul Weiss Rifkind Wharton & Garrison as advisers, said the people, who asked not to be named because they’re not authorized to speak publicly.