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Saks taps market for first time since '99

Retailer Saks Inc. plans to securitize approximately $200 million of private-label credit card receivables in the coming weeks, market sources told ASR. Saks, formerly Proffitt's, has not tapped the U.S. asset-backed market since July 1999, when it sold $310.275 million of 1999-1 notes via the lead of Banc of...

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