Latest news with #IreneGarciaPerez
Bloomberg
3 days ago
- Business
- Bloomberg
Saks Reveals $100 Million Loss in No-Questions Creditor Call
By , Reshmi Basu, and Irene Garcia Perez Save Saks Global Enterprises told creditors it had an adjusted loss of more than $100 million last fiscal year, one day after it announced a $350 million financial lifeline ahead of a looming coupon payment. The luxury retailer has $275 million in overdue payments to suppliers, management told bondholders in a Friday call where it also shared figures from the 12-month period ended Feb. 1, according to people with knowledge of the call's contents. Combined with results from recently acquired Neiman Marcus, the company recorded $161 million in adjusted earnings last year, Saks reported.
Bloomberg
23-05-2025
- Business
- Bloomberg
FC Barcelona Seeks Debt Amendment to Gain Time to Finish Stadium
By and Irene Garcia Perez Save FC Barcelona is seeking to amend the terms of its debt to allow more time to finish the revamp of its Spotify Camp Nou stadium, people with knowledge of the matter said. The Spanish football league champion has fallen behind schedule on planned works whose phases have been written into debt commitments, said the people, who requested anonymity when discussing private matters. In order to avoid breaching those terms, the football club has started talks with institutional investors to extend the deadline on specific targets, the people said.
Bloomberg
26-04-2025
- Business
- Bloomberg
Rite Aid Is Set to Burn Lenders Who Bailed the Firm Out
Newsletter The Brink The drug store's creditors face steep losses from a second bankruptcy filing. Welcome to The Brink. It's Irene Garcia Perez and Reshmi Basi in New York, and Eliza Ronalds-Hannon in Atlanta, where we've been tracking Rite Aid's slide into a second bankruptcy. We also have updates on Weight Watchers, Nio and Nitrogenmuvek. Follow this link to subscribe. Send us feedback and tips at debtnews@ Rite Aid 's most senior creditors face steep losses from a second bankruptcy filing, just months after the drug store's own projections showed they would have been fully repaid if it had been liquidated instead of restructured.
