Borders has successfully refinanced the terms of the loan from Pershing Square Capital Management. The overseas operations are still for sale which I understand will help Borders quite a bit if they can unload.
More details that I really don’t understand are here at Publishers Weekly.
REVIEW: Pure by Julianna Baggott
REVIEW: The Principal's Office by Jasmine Haynes
REVIEW: Heat by R. Lee Smith
REVIEWS: Master Class and SUBlime by Rachel Haimowitz
REVIEW: Still Hot For You by Diane Escalera
REVIEW: The Gathering Storm by Robin Bridges
GUEST REVIEW: Surprises According to Humphrey by Betty G. Birney
REVIEW: Eternal Captive by Laura Wright
REVIEW: Alpha Instinct by Katie Reus
REVIEW: Sleepwalker by Karen Robards
REVIEW: Fifty Shades of Grey by E L James
REVIEW: Not Wicked Enough by Carolyn Jewel
REVIEW: Breakaway by Deirdre Martin
Return and Redownload Policies for Ebook Purchases
REVIEW: Under His Influence by Justine Elyot
REVIEW: Her Husband's Harlot by Grace Callaway
REVIEW: Last Man Standing by Cindy Gerard
REVIEW: The Husband Recipe by Linda Winstead Jones
REVIEW: The Whip by Karen Kondazian
REVIEW: Shadow's Stand By Sarah McCarty
REVIEW: Firelight by Kristin Callihan
REVIEW: The Flight of Gemma Hardy by Margot Livesey
REVIEW: Fracture by Megan Miranda
REVIEW: The Orchid Affair by Lauren Willig
Jane,
What don’t you understand? :)
The deal seems fairly straight forward. Lower interest rate and so on. I do think that the deal looks much better this time.
LOL. I’m pretty sure I don’t understand the warrants and so forth. Are those options to purchase common stock?
Options are usually for employees, and warrants are for the public. Often they are with respect to preferred rather than common stock. And they can be publicly traded if the shares are listed on an exchange.
This is good news~I love Borders.
Oh, yay! I was hoping their reinvention with the new concept stores would help them stay afloat. This is good news, I love Borders.
Excellent news! This is great to hear. Thanks for passing it on.