Debra McElligott Sinclair~~Gregory B. Astrachan~~Matthew A. Feldman~~Robin Spigel~~Charlotta Chung
March 4, 2026
Willkie Partner Debra Sinclair Quoted in Press on Winning Final Court Approval of Bankruptcy Funds for Saks Global

1 min
AI-made summary
- • Willkie partner Debra Sinclair represents Saks Global Holdings LLC in its chapter 11 restructuring and related $1.75 billion financing package. • The case began in the U.S
- Bankruptcy Court for the Southern District of Texas on January 13. • On February 20, Saks Global received final court approval for over $1.2 billion in debtor-in-possession financing after reaching an agreement with the Unsecured Creditors Committee. • Debra Sinclair presented the financing to the court, noting that over 100 brands have executed or are close to executing trade agreements with Saks Global. • Saks Global operates Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call, Horchow, and multiple e-commerce platforms.
Willkie partner Debra Sinclair has been quoted in media outlets in connection with her representation of Saks Global Holdings LLC in its chapter 11 restructuring and a related $1.75 billion financing package. The case commenced in the U.S. Bankruptcy Court for the Southern District of Texas on January 13. On February 20, Saks Global won final court approval for more than $1.2 billion in chapter 11 debtor-in-possession financing after striking a deal with the Unsecured Creditors Committee. Debra presented the DIP financing to the bankruptcy court during the hearing, and her comments were subsequently featured in Women’s Wear Daily, CoStar News and Inc. “As of today, we have more than 100 brands that have either executed or are coming close to executing trade agreements with the company,” Debra told the court. “Our brand partners … are at the heart of our business and we’re generating great momentum with them.” Saks Global is the largest multi-brand luxury retailer in the world, comprising Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call and Horchow. Its retail portfolio includes 70 full-line luxury locations, additional off-price locations and five distinct e-commerce experiences. The Willkie team is led by partners Gregory Astrachan, Matthew Feldman, Debra Sinclair, Robin Spigel and Charlotta Chung.
Article Author
Debra McElligott Sinclair~~Gregory B. Astrachan~~Matthew A. Feldman~~Robin Spigel~~Charlotta Chung
The Sponsor
