Nine West retains Lazar amid capital structure solutions

Nine West Holdings, Inc. announced that it has retained Lazard as its investment banker to proactively evaluate a long-term capital structure solution for the company. The company has no near-term debt maturities, and is in compliance with the indentures and other agreements governing its indebtedness for borrowed money, and has ample liquidity.

As of December 31, 2016, Nine West had 160 million dollars in liquidity to continue to operate its business in the ordinary course.

Ralph Schipani, interim CEO of Nine West Holdings, said, "We are pleased to be working with Lazard to proactively address our 2019 debt maturities. Lazard's engagement will have no impact on our day-to-day business operations, which will continue as usual."