Neiman Marcus in $500 Million Term Loan and Related Note Tender Offer

December 31, 2012

Cleary Gottlieb represented Neiman Marcus, Inc. in its recent $500 million term loan incurred to refinance Neiman Marcus’ senior subordinated notes and in the related issuer tender offer for those notes. The term loan closed on November 30 and the tender offer expired on December 12. All outstanding notes that were not tendered will be redeemed on December 31.

Neiman Marcus is one of the nation’s leading luxury retailers, offering distinctive merchandise and excellent customer service that cater to the needs of the affluent consumer. Cleary Gottlieb has represented Neiman Marcus in prior bank financings and liability management transactions and represented TPG and Warburg Pincus in their 2005 acquisition of Neiman Marcus.