Majority of Neiman Marcus lenders, noteholders sign on to 3-year debt extension

Neiman Marcus and majority noteholders and term lenders have reached an agreement to extend the maturities of the notes and term loans by three years, according to documents filed with the SEC on Friday morning. The company has roughly $4.6 billion in debt. In the document, the company noted it resumed on and off again confidential negotiations on or around Feb. 13, during which the company pitched presentations that included MyTheresa the e-commerce unit the company transferred...
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