Investor group to challenge Neiman Marcus bankruptcy financing: Reuters

An investor group is planning on challenging a US$600 million financing package that department store operator Neiman Marcus has lined up for its bankruptcy, reported Reuters.

An investor group that includes Mudrick Capital Management LP and Third Point LLC is planning on challenging a US$600 million financing package that department store operator Neiman Marcus has lined up for its bankruptcy, reported Reuters. The news outlet noted that “final approval of the company’s financing will rest with a bankruptcy judge.” Neiman Marcus is backed by Ares Management and Canada Pension Plan Investment Board.

Source: Reuters