2 days ago
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.
