July 4 (Reuters) - HBC:

* HBC, PARENT OF SAKS FIFTH AVENUE, TO ACQUIRE NEIMAN MARCUS

GROUP

FOR $2.65 BILLION AND ESTABLISH SAKS GLOBAL, A

TECHNOLOGY-POWERED LUXURY RETAIL COMPANY

* HBC: UPON TRANSACTION CLOSE, HBC WILL ESTABLISH SAKS

GLOBAL

* HBC: UPON DEAL CLOSE, HBC'S CANADIAN BUSINESS WILL BE

RECAPITALIZED AS A STANDALONE ENTITY, SEPARATE FROM SAKS GLOBAL

* HBC: AMAZON WILL BE AN INVESTOR IN AND WORK WITH SAKS

GLOBAL

FOLLOWING THE CLOSE OF THE TRANSACTION

* HBC: UPON CLOSING OF TRANSACTION, SAKS GLOBAL WILL

COMPRISE SAKS

FIFTH AVENUE, SAKS OFF 5TH, NEIMAN MARCUS AND BERGDORF GOODMAN

BRANDS

* HBC: SECURED $1.15 BILLION FULLY COMMITTED TERM LOAN

FINANCING

FROM INVESTMENT FUNDS AND ACCOUNTS MANAGED BY AFFILIATES OF

APOLLO

* HBC: SECURED A $2 BILLION FULLY COMMITTED REVOLVING ASSET

BASED

LOAN FACILITY

* HBC: BOARDS OF HBC AND NEIMAN MARCUS GROUP HAVE APPROVED

TRANSACTION

* HBC: SALESFORCE WILL ALSO BECOME AN INVESTOR FOLLOWING

CLOSE OF

TRANSACTION

* HBC: IAN PUTNAM, CURRENTLY PRESIDENT AND CEO OF HBC

PROPERTIES

AND INVESTMENTS, WILL BECOME CEO OF SAKS GLOBAL PROPERTIES AND

INVESTMENTS

* HBC: CURRENT SAKS.COM CEO MARC METRICK WILL BECOME CEO OF

SAKS

GLOBAL

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