Thursday, October 25, 2018

Neiman Marcus Starts Talks to Restructure Debt and Avert Bankruptcy

The Wall Street Journal
Neiman Marcus Group Ltd. started talks in recent weeks with a group of creditors that could lead to a debt restructuring that will push out looming debt maturities and avert a bankruptcy filing, people familiar with the matter said.

Almost all of $4.7 billion in debt comes due in 2020 and 2021. The company’s goal in the talks is to extend the debt maturities and possibly reduce the overall amount of debt without a bankruptcy filing, the people said.. . . more