Winner: Neiman Marcus

Credit 's monthly roundup of the most innovative financing solutions. This month Neiman Marcus, Telecom Italia and Axa's Capella CDO win the accolades. Interviews and analysis by Nadia Damouni

pg52-deal-gif

Neiman Marcus, the Dallas-based department store chain, became the talk of the US high-yield market with its $1.2 billion two-part 10-year deal issued on September 28. The retailer sold $700 million of senior unsecured notes and $500 million of senior subordinated notes as part of the fi nancing for a $5.1 billion leveraged buyout
of the company by private equity fi rms Texas Pacific Group (TPG) and Warburg Pincus.

One week after the deal was issued and fi ve months after they entered into

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here