The Dallas Morning News
Neiman Marcus gains lenders’ cooperation
Neiman Marcus said in a filing Thursday that about 98% of its term loan lenders and about 91% of the total principal amount of unsecured bonds have agreed to exchange debt later this month.
The commitments represent more than $4 billion of debt that will have extended maturities to 2023 and 2024 instead of 2020 and 2021.
The exchange offer will begin no later than April 22, the company said.