Neiman Marcus is preparing to file for bankruptcy, according to a Reuters article on April 27 citing sources familiar with the matter. An investor group that includes Mudrick Capital Management is challenging a $600 million financing package lined up by Neiman Marcus, according to the article.
The challengers are offering $700 million in financing but want Nieman Marcus to conduct an auction, the article said.
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Exclusive: Investors to challenge Neiman Marcus bankruptcy loan, push for sale - sourcesAn investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb's hedge fund Third Point LLC plans to challenge a $600 million financing package that Neiman Marcus Group has lined up for its looming bankruptcy, and will push the U.S. department store operator to sell itself, people familiar with the matter said on Sunday. mike_d_spector sveaherbst JessicaDiNapoli 😢😢😢😢😢 mike_d_spector sveaherbst JessicaDiNapoli I used to get my shirts there. Long tails, extra buttons. mike_d_spector sveaherbst JessicaDiNapoli Total Cases and deaths Of Coronavirus from 1st february to 27th April || Coronavirus Bar Chart Race – 🇹🇷 Turkey Surpass 100k Cases – 🇮🇳 India Surpass 23k Cases – 🇬🇧 UK Surpass 149k cases – 🇺🇸 USA Surpass 900k cases StatsAnimated COVID19 coronavirus
Source: Reuters - 🏆 2. / 97 Read more »