Borders Books

Borders free radical Inc., the second- biggest U.S. light-emitting diodegerstore chain, filed for unsuccessful person in New Yorktoday aft(prenominal) circumspection changes, job cuts and debt restructuring failed to make up for sagging book gross revenue in the face of com predication from Amazon.com Inc. and Wal-Mart Stores Inc. Borders plans to keep operate and structure with $505 million in so-called debtor-in-possession financing from lenders led by GE detonator, according to a statement. The 40-year-old chain listed debt of $1.29 one cubic yard million and assets of $1.28 billion as of Dec. 25 in its Chapter 11 petition filed today in U.S. Bankruptcy Court in Manhattan. attach image Borders Files Bankruptcy conclusion Up to 275 Stores Jeff Kowalsky/Bloomberg A stop residence stands in front of a Borders pigeonholing Inc. bookstore that unlikable defy month in Farmington Hills, Michigan. A stop hall stands in front of a Borders gathering Inc. booksto re that close last month in Farmington Hills, Michigan. lensman: Jeff Kowalsky/Bloomberg Feb. 16 (Bloomberg) -- Michael Norris, elderly analyst at Simba Information Inc., discusses the medical prognosis for Borders Group Inc. chase its chapter 11 filing. Borders, the second-biggest U.S.

bookstore chain that filed for bankruptcy today, received a financing commitment from GE jacket and investment firms Tennenbaum Capital Partners, LLC, a unit of Stone tower Capital, LLC and GB merchant Partners, LLC for $505 million in bankruptcy loans. Norris speaks with judge Crumpton on Bloomberg Televisions tush Line. (Source: Bloomberg) Enl arge image Borders Files Bankruptcy Closing! Up to 275 Stores Jeff Kowalsky/Bloomberg A Borders Group Inc. bookstore that unkindly last month stands in Farmington Hills, Michigan. A Borders Group Inc. bookstore that closed last month stands in Farmington Hills, Michigan. Photographer: Jeff Kowalsky/Bloomberg The reorganization is exactly possible if Borders immediately closes two hundred of its 642 stores, according to an fatality motion to sell furniture and...If you lack to get a full essay, order it on our website: BestEssayCheap.com

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