Apr 8 2008
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.
Send to Kindle
jmc: Blurbs or quotes from other authors or even big review sites…
Carolyne: A funny blurb on a (kids or adult) book by a funny author wh…
Sunita: @Q: I thought about this issue a lot as I was reading the bo…
Patricia Eimer: I need to rent your cat for a few hours. And the fanfiction …
Sunita: @Kaetrin: I tend to recommend Song of Arbonne to romance rea…
JOINT REVIEW: Kiss of Snow by Nalini Singh (and Giveaway)
Mockingjay 13 District Blog Tour: District 5, Our Giveaway
Something is very wrong with us, and it’s not bad reviews
Berkley Fall Giveaway
Author DeborahAnne MacGillivray Harasses Amazon Reader
Apr 08, 2008 @ 09:03:23
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.
Apr 08, 2008 @ 09:05:07
LOL. I’m pretty sure I don’t understand the warrants and so forth. Are those options to purchase common stock?
Apr 08, 2008 @ 09:40:23
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.
Apr 08, 2008 @ 13:10:25
This is good news~I love Borders.
Apr 08, 2008 @ 17:44:08
Oh, yay! I was hoping their reinvention with the new concept stores would help them stay afloat. This is good news, I love Borders.
Apr 08, 2008 @ 17:47:25
Excellent news! This is great to hear. Thanks for passing it on.