December 1, 2018 / 12:40 AM / 18 days ago

Neiman Marcus says debt talks with lenders stall

FILE PHOTO - The sign outside the Neiman Marcus Last Call store is seen in Golden, Colorado January 23, 2014. REUTERS/Rick Wilking

(Reuters) - Neiman Marcus Group Ltd, the luxury retailer facing a $2.8 billion loan coming due in two years, said on Friday it failed to reach an agreement with its noteholders and term lenders to restructure its debt.

Neiman Marcus said bit.ly/2BIZNeB in a regulatory filing it was actively pursuing opportunities to improve its capital structure, although some or all of potential transactions or other alternatives may not be pursued by the company.

If the company was not able to ink a deal with creditors, its financial condition would be adversely affected, Neiman Marcus said.

Reporting by Rama Venkat in Bengaluru; Editing by Sonya Hepinstall

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