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Bank of America Agents Neiman Marcus Group’s $900MM ABL Credit Facility Extension

November 02, 2023, 07:40 AM
Filed Under: Retail

Neiman Marcus Group announced that on October 27, 2023 it entered into a Fourth Amendment to the Credit Agreement governing the Company's $900 million asset-based lending facility, led by Bank of America as Administrative Agent and Collateral Agent, which amends the Company's existing Credit Agreement, dated as of September 25, 2020.

The Amendment, among other things, modifies the current agreement to extend the maturity date of the Credit Agreement from September 25, 2024 to October 27, 2028 (subject to a springing maturity date upon the occurrence of certain events).

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