Neiman Marcus extends maturity of ABL facility by four years to 2028

By Marisa Wong

Los Angeles, Nov. 1 – Neiman Marcus Group entered into a fourth amendment on Oct. 27 to the credit agreement dated Sept. 25, 2020 governing its $900 million asset-based lending facility led by Bank of America, NA as administrative agent and collateral agent, according to a press release.

The amendment, among other things, extends the maturity date to Oct. 27, 2028 from Sept. 25, 2024, subject to a springing maturity date upon the occurrence of certain events.

The luxury retailer is based in Dallas.

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