Dear Valued Neiman Marcus Group Customers,

We have been on a journey to carry on the love and magic that makes Neiman Marcus, Neiman Marcus Last Call, and Bergdorf Goodman such a unique place and bring you the most exceptional and personal luxury experience. However, like most businesses today, we are facing unprecedented disruption caused by the COVID-19 pandemic, which has placed inexorable pressure on our business.

 

Therefore, on May 7, 2020, Neiman Marcus Group LTD LLC announced that it has entered into a binding agreement with a significant majority of our creditors to undergo a financial restructuring that will substantially reduce the Company’s debt load, and provide access to considerable financing to ensure business continuity. To implement this agreement, we commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. You can read the press release and letter from the CEO for additional details.

 

On May 8, 2020, Neiman Marcus Group LTD LLC received interim approval for all of the first-day motions, allowing business continuity throughout the proceedings. You can read the press release for additional details.

 

For DIP Eligible Holders, you can access the Syndication Materials, including the DIP and Exit Syndication Notice and Instruction Form. The DIP Subscription Deadline is at 4:00 p.m., New York City Time, on May 19, 2020. Additionally, Notice to 2019 Extended Term Loan Holders may review this notice regarding syndication mechanics and go-forward trading.

 

Answers to additional questions about the Chapter 11 process can be found by calling 877.670.2127 (Toll-Free) or 949.504.4475 (International) or by clicking here to submit an inquiry via email.

Debtors

Neiman Marcus Group LTD LLC
Case No. 20-32519

24 Debtors

Dates

Meeting of Creditors (Continued) June 30, 2020 (01:00 PM CT)

Disclosure Statement Hearing July 17, 2020 (03:00 PM CT)

Claims Bar Date July 20, 2020 (05:00 PM CT)

Professionals

Debtors' Co-Counsel KIRKLAND & ELLIS LLP
KIRKLAND & ELLIS INTERNATIONAL LLP
JACKSON WALKER LLP

Financial Advisor BERKELEY RESEARCH GROUP, LLC

Office of the U.S. Trustee UNITED STATES DEPARTMENT OF JUSTICE

Meeting of Creditors

Pursuant to section 341 of the Bankruptcy Code, the Meeting of Creditors has been scheduled for June 15, 2020 at 2:00 p.m. (prevailing Central Time) using the following telephonic access:

Dial-In: (877) 760-2047
Passcode: 713 752 4440
United States Courthouse
515 Rusk Avenue
Houston, TX 77002

Court Information

United States Bankruptcy Court,
Southern District of Texas

515 Rusk Street
Houston, TX 77002
Telephone: 713.250.5500

Electronic Hearing Instructions

To participate in Electronic Hearings audio communication, please dial-in 832.917.1510 (room 205691). To participate in video communication, go to join.me, and use code "JudgeJones".