Current posture

What matters now

Saks Global is now operating as reorganized debtors, with the remaining docket focused on claims and administrative matters rather than a pending plan process: it recently objected to Bal Harbour Shops’ administrative-expense application, seeking disallowance with prejudice Reorganized Debtors’ administrative-expense objection Dkt. 3362, while other asserted claims continue to be resolved or withdrawn Teamsters claim withdrawal Dkt. 3375. A sale hearing and a claims-objection hearing are both scheduled for August 24, making near-term estate administration and any remaining asset disposition the principal visible milestones. The Global Debtors entered chapter 11 in January 2026 and immediately pursued financing and cash-collateral authority to stabilize operations. Their DIP financing motion Dkt. 49 sought a $1.5 billion ABL facility, a $1.0 billion new-money SGUS term facility with substantial roll-up components, $1.0 billion of new OpCo money, and committed exit financing. The Court granted interim authority the following day through an interim DIP and cash-collateral order Dkt. 206, including superpriority protection and adequate protection for prepetition secured parties. The case then moved onto a reorganization track. On April 5, the Global Debtors filed their joint…

Updated Aug 21, 2026

Material case activity

1. Saks Global’s proposed Tulsa lease sale faces a competing termination deal

   Jul 13, 2026

   Stand Out for Good is contesting Saks Global’s proposed Tulsa ground-lease sale after the debtors pursued a separate termination agreement with the landlord.