Borders Refinances - Lives For Another Day
By Jane • Apr 8th, 2008 • Category: Publishing News • •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.
Jane is a long time romance reader whose passion is, you guessed it, reading. Jane also does not like to talk about herself in the third person, but apparently this is the way that this biography thing works (although in a true biography, someone else would be writing this blurb). Anyway, currently Jane loves urban fantasy authors Patricia Briggs and Ilona Andrews. She's really excited about this year's crop of historicals including Joanna Bourne's The Spymaster's Lady and Sherry Thomas' Private Arrangements and the upcoming Loretta Chase Her Scandalous Ways.
She's looking for a good contemporary author. Email her with a recommendation!
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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.