Saks Global Holdings LLC, a leading luxury retail company, announced a transformative financial transaction. The Company secured a financing commitment of approximately $1.75 billion, comprising $1.5 billion from an ad hoc group of the Company's senior secured bondholders (the "Ad Hoc Group") and approximately $240 million of incremental liquidity from the Company's asset-based lenders.

The intermodal operator will restructure nearly $1 billion in debt and bring on new ownership through a debt-for-equity swap.

STG Logistics filed Chapter 11 as it seeks to cut debt, raise up to $150M in new capital and navigate a historic freight downturn.

Luminar Technologies, Inc. (NASDAQ: LAZR) (the “Company” or “Luminar”), a leading global technology company, today announced that it has initiated voluntary chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas (the ...