Monday, March 4, 2019

Neiman Marcus just got a lifeline: 3 more years before it must refinance its debt

The Dallas Morning News
Neiman Marcus has reached an agreement in principle with creditors holding nearly $5 billion of its debt that gives the luxury retailer three more years to transform its business.

But at least one bondholder is not joining the preliminary agreement and plans to convince others to oppose it. . . . more