Willkie Farr & Gallagher was recognized on May 4 by Turnarounds & Workouts for its role as restructuring counsel to Saks Global Holdings LLC in the company’s ongoing chapter 11 case.
The recognition comes as Saks Global, which includes Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman and Saks OFF 5TH, navigates a closely watched bankruptcy process that began with its chapter 11 filing in January. The luxury retailer has grown into the largest multi-brand luxury retailer in the world.
Turnarounds & Workouts highlighted key developments in the case, including court approval of more than $1.2 billion in debtor-in-possession financing granted in February and a recent Restructuring Support Agreement with an ad hoc group of senior secured bondholders. This agreement will provide $500 million in exit financing when Saks Global emerges from chapter 11.
The publication also identified Willkie’s legal team representing Saks Global. The team is led by partners Gregory Astrachan, Matthew Feldman, Debra M. Sinclair, Robin Spigel and Charlotta Chung. Additional partners include Todd Goren, Jennifer Hardy, Allyson B. Smith, Christopher DiPompeo, Stuart Lombardi and Nathaniel Ward; associates Betsy Feldman, Daniel Morris, Timothy Ryan, Joseph Brandt, Jessica Graber, Marine Loison, Zain Syedain and Zachary Charlton were also named as key contributors.
The article titled “Who’s Who in Saks Global’s Chapter 11 Cases” appears in the April issue of Turnarounds & Workouts.
