NEIMAN MARCUS TAKES ON MORE DEBT TO FINANCE INTEREST PAYMENT

In The Daily Scoop by Lauren Parker, Accessories MagazineLeave a Comment

To preserve its liquidity, Neiman Marcus Group has elected, for the interest period April 15 through Oct. 14, to make payment-in-kind interest payments on its debt rather than cash interest payments, according to a Friday filing with the Securities and Exchange Commission. The payment covers interest due on $600 million due in 2021, and the interest to be paid is 9.5%, according to the filing. Read more at Retail Dive 

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