Nine West Successor Premier Brands Seeks Loan Boost, Extension

Jan. 25, 2023, 5:22 PM

Premier Brands Group, the entity that emerged from the bankruptcy of Nine West Holdings, is seeking lender permission to boost the size of its asset-based loan and extend maturities on its debt, according to people with knowledge of the matter.

Some lenders have entered into confidential talks to hammer out details of the proposal. They have discussed boosting the asset-based loan to around $240 million from $175 million, though talks are ongoing and plans could change, said the people, who asked not to be identified because talks are private. The maturity of the company’s term loan due 2024 would be …

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