Neiman Marcus says debt talks with lenders stall: Reuters
Neiman Marcus Group Ltd, the U.S. luxury retailer facing a US$2.8 billion loan coming due in two years, has failed to reach an agreement with its noteholders and term lenders to restructure its debt, Reuters reported. The company said in a regulatory filing it was actively pursuing opportunities to improve its capital structure. If it was not able to ink a deal with creditors, its financial condition would be adversely affected, Neiman Marcus said. Neiman Marcus was acquired in 2013 by U.S. private equity firm Ares Management and Canada Pension Plan Investment Board (CPPIB) for US$6 billion.
3 December 2018•1 min read
