The Dallas Morning News

Neiman Marcus gains lenders’ cooperatio­n

- Maria Halkias

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.

Newspapers in English

Newspapers from United States