Deals

Neiman Marcus Faces Renewed Marble Ridge Push to Block Exchange

Objects to demand that debtholders relinquish MyTheresa claims
Asks trustee U.S. Bank to stand against pending debt swap

A contractor enters the Neiman Marcus store at the Hudson Yards development in New York.Photographer: Demetrius Freeman/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Eliza Ronalds-Hannon and Katherine Doherty

May 16, 2019 at 3:17 PM UTC

This article is for subscribers only.

Neiman Marcus creditor Marble Ridge Capital LP renewed its attack on the retailer’s pending debt exchange, telling the bond trustee that the deal violates terms of the company’s existing notes.

Marble Ridge objects to a demand that debtholders relinquish claims to the company’s MyTheresa e-commerce asset, according to a letter sent to the trustee, U.S. Bank, and reviewed by Bloomberg.