Nine West Holdings is taking action to deal with its debt.

The company, which has about $1.5 billion in debt resulting from its 2014 buyout, announced that it has retained Lazard as its investment banker to proactively evaluate a long-term capital structure solution. In its statement, Nine West said it has no near-term debt maturities (next maturity date is 2019), is in compliance with the indentures and other agreements governing its indebtedness for borrowed money, and has ample liquidity ($160 million in liquidity as of December 31,…