Monday, December 20, 2010

Neiman Marcus: We have ample liquidity - Dallas Business Journal:

http://ecogastronomy.org/recipes/marielas-chocolate-coconut-bars
Under the credit facility, Dallas-based Neiman Marcus has the ability to borroww upto $600 million and the ability to requestg an additional $200 million if needed. The company also has $250 milliom in cash. The transaction was managed by , Retail Finance LLC, Securitieds LLC and Regions Business Other lendersinclude , , , and . “W are very pleased with the outcomwe of our process and the strongg level of support we received from this leading group of bank saidJim Skinner, executive vice president and CFO.
“We believe our success in maintainingour (credit) facility size is evidence of the confidence that our banking groupp has in our compant and our ability to effectivel y manage our business during this challenging economicv period. This facility, combinefd with our current cash balancre in excessof $250 million, provides us with ample liquiditg to support the growth of our company.”

No comments:

Post a Comment