Saks Global Secures $300 Mln Of $1.75 Bln Committed Capital

March 16 (Reuters) - Saks Global:

• SAKS GLOBAL SECURES ACCESS TO ADDITIONAL $300 MILLION OF $1.75 BILLION IN COMMITTED CAPITAL

• SAKS GLOBAL: AD HOC GROUP OF BONDHOLDERS IN SUPPORT OF FIVE-YEAR BUSINESS PLAN

• SAKS GLOBAL: BUSINESS PLAN ELEMENTS TO BE INCLUDED IN CO'S REORGANIZATION PLAN, EXPECTED TO BE FILED WITH U.S. BANKRUPTCY COURT IN NEXT SEVERAL WEEKS