News briefs
November 8, 2010
By Peter Finocchiaro
Today in luxury marketing:
Neiman Marcus joins borrowers tapping rally to extend loans at higher rate
Neiman Marcus, the luxury retailer owned by private-equity firms, is offering to pay lenders more interest to extend maturities by three years on a term loan as it works to refinance $2.88 billion of debt, according to Bloomberg.
Click here to read the entire story on Bloomberg
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