Neiman Marcus Group Inc. declared a $435 per share dividend for private equity holders of its common stock. The high-end department store expects it to cost $442.6 million and plans to borrow about $150 million.
The company will also pay $10.2 million in dividends to holders of vested options.
Neiman Marcus underwent a $5.1 billion leveraged buyout by TGP Capital and Warburg Pincus in 2005.
