Deals
Neiman Marcus Debtholders Prepare for New Round of Talks
- Some unsecured creditors agree to curbs during negotiations
- The company continues to evaluate options to rework borrowings
Pedestrians walk past a Neiman Marcus Inc. store in San Francisco.
Photographer: David Paul MorrisThis article is for subscribers only.
Neiman Marcus Group Ltd. and its creditors are renewing talks about reworking the company’s debt before its term loan comes due next year, with some agreeing to curb their trading during confidential negotiations, according to people with knowledge of the matter.
The luxury department store chain is reaching out to creditors and their advisers to see if they can get past issues that stymied previous efforts, said the people, asking not to be identified discussing a private matter. Certain unsecured bondholders have agreed to restrict their trades for a second time after the previous talks fell apart at the end of last year, the people said.