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Dear Author: Romance Novel Reviews, Industry News, and CommentaryBook reviews, industry news, and commentary from a reader’s point of view
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Apr
08
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. Related Posts: Jane is a long time romance reader whose passion is, you guessed it, reading. She's currently loving contemporary authors like Sarah Mayberry and Kristan Higgins but her first love will always be the historical. Some of her old time favorites are Amanda Quick and Johanna Lindsey and some of the new favorites are Sherry Thomas, Joanna Bourne and Claudia Dain.
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6 comments to “Borders Refinances – Lives For Another Day”Say What's On Your mind |
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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.