Neiman Marcus in bankruptcy talks with lenders: Bloomberg Law

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG2N00O_L.jpg

Neiman Marcus has been struggling with the debt load, due mainly to its 2013 leveraged buyout by Ares and Canadian public pension fund CPPIB from other private equity firms.

Bloomberg reported Neiman Marcus has held initials talks with lenders about a potential bankruptcy loan that would help keep the company running while it works out a recovery plan.

Neiman Marcus was not immediately available for a comment.

Add Comment