Neiman Marcus eyes Sunday bankruptcy filing, $600 million emergency funding

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A view of Neiman Marcus at The Shops at the Hudson Yards during the coronavirus pandemic on April 22, 2020 in New York City.

Noam Galai | Getty Images

Neiman Marcus could file for bankruptcy as soon as Sunday and is in talks with its current lenders about raising roughly $600 million in emergency financing to fund operations through the restructuring, people familiar with the situation tell CNBC.

In bankruptcy, the retailer will work to flush its more than $4 billion of debt leftover from its sale to Ares Management and Canada Pension Plan Investment Board in 2013.  Even before

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New York City needs 3.3 million N95 masks and 400 ventilators by Sunday, Mayor de Blasio says

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New York City Mayor Bill de Blasio speaks at an indoor training center at the USTA Billie Jean King United States Tennis Center which will be partially converted into temporary hospital during the outbreak of the coronavirus disease (COVID-19) in the Queens borough of New York City, New York, U.S., March 31, 2020.

Stefan Jermiah | Reuters

New York City needs to find 3.3 million N95 masks, 2.1 million surgical mask, 100,000 isolation gowns and 400 ventilators by Sunday to get the city’s hospitals ready for a coming wave of coronavirus patients expected by Monday, Mayor Bill de Blasio said.

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