Judge Approves Nebraska Book's $125M Loan Request

Law360, New York (June 29, 2011, 9:49 PM EDT) -- A Delaware bankruptcy judge on Tuesday gave permission for college bookstore chain Nebraska Book Co. to borrow $125 million to keep itself afloat as it tries to restructure.

U.S. Bankruptcy Judge Peter Walsh said Nebraska Book could obtain up to $125 million in debtor-in-possession financing from a group of lenders led by JPMorgan Chase Bank NA.

The company, which entered Chapter 11 Monday, had asked for permission to take out $125 million in term loans and $75 million in revolving loans. It will have a chance...
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