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Confirmed: GE Capital Secure Term Loan For Borders Group US Survival

Confirmed: GE Capital Secure Term Loan For Borders Group US Survival

Just released on the newswires: ANN ARBOR, Mich., March 31, 2010 /PRNewswire via COMTEX/ — Borders Group, Inc. today announced that it has entered into an amended and restated revolving credit agreement. The new, $700 million senior secured asset-based credit facility matures in March 2014 and replaces the company’s existing revolving credit agreement, which would

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Borders US Set To Make Fools’ Day Deadline

Borders Group US are facing D-day on April 1st. A substantial loan of $42.5m secured two years ago from Pershing Square Capital for the refurbishment of retail stores and an IT upgrade is due to be repaid on Thursday, this week. A number of reliable financial sources, including Bloomberg US, are reporting late Tuesday evening that a

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Adult Hardback Sales Slump 8.1% For January (AAP)

The Association of American Publishers (AAP)has today reported on book sales for the month of January 2010. Overall sales were down 0.7% compared to January 2009, but the most alarming figure is adult hardback, dropping 8.1%. You can find the report here. New York, NY, March 22, 2010—The Association of American Publishers (AAP) reports for

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