Interviews
News Flash
Specialty retailer Neiman Marcus declares exchange offers
07 Jul '06
4 min read
The Neiman Marcus Group, Inc. today announced that it has extended the expiration date of its previously announced offer to exchange (1) up to $700,000,000 in aggregate principal amount of its new 9 percent /9¾ percent Senior Notes due 2015 for a like principal amount of its currently outstanding 9 percent/9¾ percent Senior Notes due 2015 and (2) up to $500,000,000 in aggregate principal amount of its new 10? percent Senior Subordinated Notes due 2015 for a like principal amount of its currently outstanding 10? percent Senior Subordinated Notes due 2015.
Except for the extension of the expiration date, no terms of the exchange offers have been changed. The new notes are substantially identical to the original notes, except that the new notes have been registered under the federal securities laws, are not subject to transfer restrictions and are not entitled to certain registration rights relating to the original notes.
The exchange offers were originally scheduled to expire at 5:00 p.m., New York City time, on July 5, 2006, but the expiration date for the offers has now been extended to 5:00 p.m., New York City time, on July 12, 2006. Holders who have validly tendered their notes in the exchange offers do not need to take further action.
Other holders who want to tender their notes must do so no later than the new expiration date. Tenders with respect to approximately The Neiman Marcus Group Extends Exchange Offer $699,975,000 aggregate principal amount of the currently outstanding 9 percent/9¾ percent Senior Notes due 2015 and $499,455,000 aggregate principal amount of the currently outstanding 10? percent Senior Subordinated Notes due 2015 have been received to date.
Except for the extension of the expiration date, no terms of the exchange offers have been changed. The new notes are substantially identical to the original notes, except that the new notes have been registered under the federal securities laws, are not subject to transfer restrictions and are not entitled to certain registration rights relating to the original notes.
The exchange offers were originally scheduled to expire at 5:00 p.m., New York City time, on July 5, 2006, but the expiration date for the offers has now been extended to 5:00 p.m., New York City time, on July 12, 2006. Holders who have validly tendered their notes in the exchange offers do not need to take further action.
Other holders who want to tender their notes must do so no later than the new expiration date. Tenders with respect to approximately The Neiman Marcus Group Extends Exchange Offer $699,975,000 aggregate principal amount of the currently outstanding 9 percent/9¾ percent Senior Notes due 2015 and $499,455,000 aggregate principal amount of the currently outstanding 10? percent Senior Subordinated Notes due 2015 have been received to date.
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
