NYR iOS app Android app More

Borders Repays $42.5 Million Loan

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


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


Filed by Jessie Kunhardt  |