US retailer latest to seek amend and extend

Friday, November 05, 2010

US luxury retailer Neiman Marcus announced yesterday that it was seeking an amend and extend of its 2013 Libor+200 term loan, further illustrating the current strong trend of companies seeking to amend and extend existing credit facilities.

Comment by: Anonymous. Posted 13 years ago [2010-11-05 14:24:00]

Perfect environment for this strategy! With rates heading down and spreads narrowing due to the Feds mandate we all take more credit risk, it appears that the "maturity wall" of 2011-2013 will be easily scaled - at least for those issuers that have any chance of survival. The price to pay down the road is simply too hazy to be bothered with now. Feels like 2005.

CLOs

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