Neiman Marcus has emerged from bankruptcy just four and a half months after it entered the Chapter 11 restructuring process. The court-led process erased $4 billion in debt that the distressed retailer was holding, along with $200 million in annual interest payments, Reuters reported. The Dallas-based company now has $1.25 billion in debt, down from $5.1 billion. It also left bankruptcy proceedings with a $750 million loan from Credit Suisse, according to the Dallas Morning
source https://therealdeal.com/2020/09/25/neiman-marcus-exits-bankruptcy-4b-lighter/
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