Saks Global Enterprises told creditors its vendor troubles have eased and inventory is up after it instituted a plan in February to gradually pay suppliers past due balances over the course of more than a year.

Inventory has returned to levels set in 2023, the company said, after financial results took a hit last quarter from a slower flow of goods. Saks has about $400 million in liquidity, the company said in a statement to Bloomberg News. Saks management held the call with creditors after revealing last week that it was considering taking on more debt to boost its coffers. A Saks Global spokesperson said in a statement on Monday that it was moved to do so in part by “this period of economic uncertainty, driven by tariffs and the threat of further trade restrictions.”

It would look to borrow through a so-called first-in, last-out loan under its existing $1.8 billion revolving credit facility, the company said.

Saks cited partnerships with its new stakeholders Amazon, Authentic Brands and Salesforce as sources of future growth. Those companies backed Saks in connection with its December takeover of Neiman Marcus Group.

— Bloomberg