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Borders Repays $42.5 Million Loan

First Posted: 06/01/10 06:12 AM ET Updated: 05/25/11 05:00 PM ET

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The New York Times:

The Borders Group said late Wednesday that it had repaid a $42.5 million loan from William A. Ackman's Pershing Square Capital Management, its largest investor, and secured a new $700 million credit line from Bank of America and other banks. The struggling bookseller said it had also closed on a new $90 million term line.

Read the whole story: The New York Times

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The Borders Group said late Wednesday that it had repaid a $42.5 million loan from William A. Ackman's Pershing Square Capital Management, its largest investor, and secured a new $700 million credit l...
The Borders Group said late Wednesday that it had repaid a $42.5 million loan from William A. Ackman's Pershing Square Capital Management, its largest investor, and secured a new $700 million credit l...
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jukesgrrl
Stop the Republican war on women's bodies.
832 Fans
12:13 AM on 04/02/2010
Glad to hear it. Unfortunately, I have no access to independent booksellers where I live. I chose to support Borders because I think B&N is dangerously large enough even WITH competition. Borders' program for frequent customers is FREE, as opposed to B&N that charges $25 annually. I get a sizable discount coupon via E-mail almost once a week. My book choices are wide and the employees are friendly.
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jcd8822
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10:41 PM on 04/01/2010
Someone ought to sleep good tonight. I know I would.
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