Neiman Marcus Group intends to increase its existing senior secured term loan facility to $2.06 billion from $1.505 billion. The upscale retailer plans to use the proceeds to repurchase or redeem $752.4 million of senior secured notes maturing 2015.
The company plans to boost its senior secured revolving credit facility from $600 million to $700 million. Credit Suisse is appointed as the dealer manager and solicitation agent for the tender offer and solicitation.
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