The Dallas-based luxury retailer had about $5.5 billion in debt when it filed for Chapter 11 protection with the U.S. Bankruptcy Court for the Southern District of Texas. The company is restructuring with the help of a $675 million bankruptcy loan from a group of the company’s pre-petition lenders.
The court scheduled a hearing to consider the disclosure statement July 8. The company needs court approval of its disclosures before creditors can vote on the plan.
The case is Neiman Marcus Grp. Ltd. LLC, Bankr. S.D. Tex., No. 20-32519, Plan filed 6/6/20.