AMERICAS DISTRESS DAILY: Neiman Creditors Seek $275m Repayment

A Pimco-ledcreditor group is seeking advice to ensure repayment of $275 million due next year, after obtaining the debt in 2024 when department-store operator Neiman Marcus was sold.

• The move comes as new owner Saks faces financial difficulties, including a significant loss last fiscal year.
  • It recently announced $350 million in new financing and hired Kirkland & Ellis and PJT Partners to explore options for boosting liquidity.

In Other News:

• Sunnova Energy won court approval for a $90 million bankruptcy loan to keep the rooftop solar company afloat while it sells its business in Chapter 11.
• Bowling firm Pinstripes ...