Saks Global Holdings LLC, a leading luxury retail company, announced a transformative financial transaction. The Company secured a financing commitment of approximately $1.75 billion, comprising $1.5 billion from an ad hoc group of the Company's senior secured bondholders (the "Ad Hoc Group") and approximately $240 million of incremental liquidity from the Company's asset-based lenders.

The intermodal operator will restructure nearly $1 billion in debt and bring on new ownership through a debt-for-equity swap.

STG Logistics filed Chapter 11 as it seeks to cut debt, raise up to $150M in new capital and navigate a historic freight downturn.

Ellucian announced it had completed its acquisition of a Anthology business through a Chapter 11 bankruptcy process.

Intermodal marketing company STG Logistics announced Monday it has entered into a Chapter 11 restructuring plan.

Jan 7 (Reuters) - Auto ‌parts ​supplier First ‌Brands said on Wednesday ​it has launched a marketing ‍and sale process ​for its ​business ⁠as a whole or in parts, as it works to emerge from Chapter 11 bankruptcy. The company, ‌which makes filters, brakes and ​lighting systems, ‌had filed ‍for bankruptcy ⁠protection in September last year.

First Brands Group has launched a marketing and sale process to sell its business, in whole or in parts, as part of its Chapter 11 bankruptcy proceedings.

Artist & Craftsman Supply announced that it has filed for Chapter 11 bankruptcy. The Maine-based company, which sells canvases, paints and drawing supplies, said it "voluntarily initiated" the bankruptcy filing, disclosing in a social post that it has endured financial pressures this year in a competitive retail industry.