HBC’s Bold Moves Boost Financial Agility.

Saks’ parent company, HBC, has announced a range of financial maneuvers to increase liquidity and provide more flexibility for the retailer. The company has extended the maturity date of its revolving credit facility and increased its credit limit to $1.1 billion. HBC has also increased its existing senior secured term loan by $50 million and closed a new term loan facility of up to $150 million. These moves indicate increased confidence in the company by lenders and provide support for HBC’s growth initiatives and working capital requirements. HBC has been the subject of speculation regarding its financial situation, but these financial maneuvers demonstrate its commitment to strengthening its position in the market.