Saks Global has buttoned up its latest financing package early.
The retailer said it received $300 million in connection with its debt exchange offer on Friday, rounding out the $600 million package it revealed in late June.
About 98 percent of the eligible bondholders agreed to exchange their notes.
The deal could bring the temperature down on the Saks financial drama — at least for now.
To buy Neiman Marcus Group, Saks took on $2.2 billion in debt from bondholders in December, just as Wall Street was feeling giddy over what many hoped would be more business-friendly policies from a second administration of President Donald Trump.
But when the reality of having Trump back in the White House led to a trade war with the world and the retail outlook dimmed, bondholders got spooked,