AMERICAS DISTRESS DAILY: Saks Has Bondholder Call Without Q&A

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
• The company took no questions on that call, according to people with knowledge of the matter

In Other News:

• Credit ratings companies, including Egan-Jones Ratings Co., ...