Monday, March 25, 2019

Neiman Marcus lenders gave it 3 years to show it can grow out of its overwhelming debt

Dallas Morning News
Neiman Marcus said Monday that it has an agreement with a majority of its lenders to extend debt maturities by three years, which the Dallas-based company said will give it the time it needs to carry out plans to grow out of its vexing debt problems.

The agreement is with holders of 55 percent of its term loan and 60 percent of its unsecured notes and follows a preliminary agreement announced March 1. . . . more