DALLAS, May 7, 2020 /PRNewswire/ — Neiman Marcus Group LTD LLC (the “Company”) today announced that it has entered into a Restructuring Support Agreement (“RSA”) with a significant majority of its creditors to undergo a financial restructuring, substantially reducing its debt load and interest payments and supporting continued operations during the COVID-19 pandemic and beyond. The binding agreement with holders representing over two-thirds of the Company’s outstanding debt demonstrates broad commitment across creditor classes. Continue reading
Neiman Marcus Group Enters into a Restructuring Support Agreement with a Significant Majority of its Creditors to Substantially Reduce Debt and Position the Company for Long-Term Growth
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