Neiman Marcus Wins Cooperation From Lenders, Bondholders, for Pending Debt Exchange

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 on April 22, the company said.Twitter: @MariaHalkias  Continue reading...

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