- Start
- Dec 30, 202590% CONFIDENCEfrom the source
Saks Global Misses $100 Million Bond Interest Payment
- Saks Global failed to pay more than $100 million of bond interest due 30 December 2025, entering a grace period during talks with creditors[1]
- The missed payment came about four and a half months after the company's August 2025 restructuring, which had already swapped $2.2 billion of notes and raised $600 million in new financing[1]
- Saks Global was reported to be preparing for a possible Chapter 11 filing as the standoff with bondholders continued[2]
References 285% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%sgbonline.com/report-saks-global-prepares-for-bankruptcy-following-missed-debt-paymentsgbonline.com· Posted Sep 25, 2026· Starts Dec 30, 2025 ✓· 73% of score
SGB Media reports the company "failed to make an interest payment exceeding $100 million due on Tuesday, December 30" on its bonds; no time of day is given.
- [2]72%Saks parent company files for Chapter 11 bankruptcy after missing paymentfoxbusiness.com· Published Jan 14, 2026· 27% of score
Confirms the missed $100 million interest payment 'in December' and that the company had roughly 30 days before formal default, leading to the Chapter 11 filing covered in the next pin of this chain.[1]
Suggest a correction
Something missing or wrong? Say it in your own words: a link that backs this pin up, a different start or end date and why, or a fact it lacks or gets wrong. The AI checks it against this pin's sources, searches for better ones, and adds any page that backs you up. The pin's own sources still count most.
Wilmar International
