Global asset management firm GoldenTree will buy a chunk of a $1 ‍billion bankruptcy ‍financing for luxury retailer Saks Global, ⁠Bloomberg News reported Tuesday, citing people familiar with ​the matter.

GoldenTree, which is founded by billionaire ‍Steve Tananbaum, has committed to buy ⁠a roughly $200 million portion of the so-called debtor-in-possession financing, according to the report.

Saks ⁠Global and ​GoldenTree ⁠did not immediately respond to Reuters ‍requests for comment.

The high-end ‌U.S. department store conglomerate filed for Chapter 11 bankruptcy ⁠protection ​on ‍January 13, after a debt-laden takeover.