Reshmi Basu's profile photo

Reshmi Basu

New York

Reporter at Bloomberg News

Assistant Editor, Restructuring at Debtwire

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Articles

  • 1 week ago | news.bloombergtax.com | Reshmi Basu

    XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

  • 1 week ago | bloomberg.com | Eliza Ronalds-Hannon |Reshmi Basu |Irene Perez |Irene Pérez

    A Neiman Marcus store in Garden City, New York. (Bloomberg) -- 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 week ago | news.bloomberglaw.com | Eliza Ronalds-Hannon |Reshmi Basu |Irene Perez |Irene García Pérez

    Saks Global Enterprisestold 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.

  • 1 week ago | news.bloomberglaw.com | Reshmi Basu

    -backed is set to receive a $350 million new loan from existing creditors to help fund the firm’s artificial intelligence and growth initiatives.

  • 1 week ago | news.bloombergtax.com | Reshmi Basu |Georgia Hall

    A minority group of creditors holding about $600 million of Saks Global Enterprises’ $2.2 billion bond has tapped Greenhill & Co.as a financial adviser ahead of potential talks with the company over its debt stack, according to people with knowledge of the matter, who asked not to be identified discussing private information.

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