Home / Knowledge / News / Fashion / Saks Incorporated begins tender offers for $585.7mn of senior notes

Saks Incorporated begins tender offers for $585.7mn of senior notes

Jul '05
Online retailer Saks Incorporated announced that it has accepted for payment all of the approximately $585.7 million in principal amount of its outstanding senior notes tendered pursuant to its previously announced tender offers and consent solicitations. The tender offers and consent solicitations expired as of midnight, New York City time, on July 18, 2005.

Click here to see the tender details:

Each holder tendering notes also consented to certain proposed amendments and a waiver relating to the indenture governing the holder's notes. Accordingly, the Company has entered into supplemental indentures with the indenture trustee for each issue.

The supplemental indentures, among other things, extend to October 31, 2005, for purposes of the indentures, the Company's deadlines to file its 2004 Annual Report on Form 10-K and its first fiscal quarter 2005 Quarterly Report on Form 10-Q.

The waiver waives all defaults relating to the failure of the Company to comply with the provisions of the indentures affected by the proposed amendments. The Company currently expects to file its 2004 Annual Report on Form 10-K and its first fiscal quarter 2005 Quarterly Report on Form 10-Q on or before September 1, 2005.

Citigroup Global Markets Inc, Goldman Sachs & Co, Banc of America Securities LLC and Wachovia Securities acted as the dealer managers for the tender offers and consent solicitations.

Saks offers the finest designer collections for men and women, as well as accessories, cosmetics and home furnishings, all supported by highly personalized customer relationships. With modern energy and great fashion authority, Saks Fifth Avenue pays tribute to — and continues to enhance — a rich legacy of exceptional style and service.

Saks Incorporated

Must ReadView All

Pic: Shutterstock

Textiles | On 27th Feb 2020

Australia willing to consider FTA with India on RCEP lines

Australia is willing to consider a bilateral free trade agreement...

Pic: Shutterstock

Apparel/Garments | On 27th Feb 2020

Hun Sen asks PRC garment investors not to leave Cambodia

Prime Minister Hun Sen recently again told Chinese garment sector...

Pic: B.Zhou / Shutterstock.com

Retail | On 27th Feb 2020

Retail brands restrict China operations amid COVID-19

The outbreak of COVID-19 is disrupting business dynamics in China....

Interviews View All

Rahul Bhadani, Looksgud

Rahul Bhadani

Navigating through catalogues is a bit hasslesome

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

C Kamatchisundaram, Voltas

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Alphonse Reddy,

Alphonse Reddy

Bangalore-based Sunday designs and makes mattresses and accessories that...

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Pierre Wiertz, EDANA

Pierre Wiertz

EDANA, the international association serving the nonwovens and related...

Justin Gutierrez, INDA

Justin Gutierrez

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Varsha Wadhwa, VW

Varsha Wadhwa

Coming from a family that ran a business of jute and linen mills since...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search