A group of investors in Neiman Marcus plan to challenge the $600 million financing package that the department store operator has arranged for its imminent bankruptcy. Instead, Mudrick Capital Management LP and Daniel Loeb’s hedge fund Third Point LLC are calling on the retailer to find a buyer, according to Reuters. Mudrick recently submitted a $700 million proposal to Neiman Marcus for debtor-in-possession financing — a deal with terms that would require an attempt to ... [more] The post Neiman Marcus investors to challenge bankruptcy deal, call for sale appeared first on The Real Deal Miami.

In this article

No tags related to this article.