Pimco Hires Advisers for Loan Tied to Saks-Neiman Marcus Deal
A Pacific Investment Management Co. -led group holding loans tied to the sale of Neiman Marcus Group has tapped advisers to help ensure they get repaid when the debt comes due next year.
The creditors, who acquired the debt as part of the 2024 sale of Neiman Marcus to Saks parent Hudson's Bay Co., are working with advisers from Ducera Partners and White & Case, according to people with knowledge of the developments, who asked not to be named discussing private decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fox News
15 minutes ago
- Fox News
In-N-Out serves up the happiest employees in the industry, says report
A new survey is highlighting a restaurant chain that provides service with a smile. In-N-Out Burger has claimed the top spot for having the happiest employees among America's major restaurant chains. Financial services company William Blair investigated Glassdoor data from the past 11 years, evaluating 530,000 reviews with about 90 different restaurant brands, according to Nation's Restaurant News. The firm found that 91% of In-N-Out employees would recommend their job to a friend. George Charlesworth, vice president of operations for In-N-Out Burger, told Fox News Digital that the California-based chain is honored "to be recognized with such a high satisfaction rating, a result that comes directly from our associate family." "Our founders, Harry and Esther Snyder, focused on serving the freshest, highest-quality products and providing the friendliest service to our customers," he also said. "From our beginning in 1948, the Snyders wanted to take the best care of not only our customers but also our associates." This marks the 10th year that the fast-food chain has landed in the top 10 for highest employee satisfaction. In 2024, 86% of In-N-Out employees were willing to recommend their job to others. Charlesworth credited the leadership of In-N-Out owner and president Lynsi Snyder. "We're committed to offering a positive work environment, higher starting wages, great benefits and opportunities to develop and grow," Charlesworth said. "Many of our associates have been with In-N-Out for decades, carrying the time-honored values and practices established by our founders, ensuring every customer and burger is consistently served with the In-N-Out signature smile," he also said. "We are deeply grateful for our exceptional family of associates and thankful for the excellent job they do." Coming in second place was Louisiana-based chicken joint Raising Cane's. About 82% of employees reported they would recommend their job to a friend. In third place was Dutch Bros., with Chuy's taking fourth place. Rounding out the top five is San Francisco Bay area-based Peet's Coffee & Tea. Fox News Digital reached out to William Blair for comment.
Wall Street Journal
23 minutes ago
- Wall Street Journal
Advanced Micro Devices Sets Sights on Nvidia in AI Race
Advanced Micro Devices wants to go head-to-head with Nvidia. Wall Street is split on whether AMD will succeed. The chip maker at its Advancing AI event on Thursday said it can meet surging demand for artificial-intelligence hardware, positioning itself as a realistic alternative to Nvidia, which has emerged as one of the world's most valuable companies thanks to its dominance in AI chips.
Wall Street Journal
23 minutes ago
- Wall Street Journal
Why Are We Paying So Much for Electricity?
'Summer Electric Bills Set to Climb' (U.S. News, June 9) highlights the rising cost of electricity that will be felt by families and businesses everywhere this summer. This problem isn't caused by a lack of supply to meet growing demand. Rather, this country has failed to build the energy infrastructure necessary to transport America's abundant natural resources efficiently. In other words, the problem could have been avoided with adequate energy infrastructure, particularly in the Northeast. Between 2013 and 2021, at least five major natural-gas pipeline projects were canceled in the region because of state officials' denial of permits and excessive delays, which made the projects unviable.
