Nebraska Book Gets $200M Back-To-School Season Loans

Law360, New York (July 22, 2011, 3:16 PM EDT) -- Bankrupt college bookstore chain Nebraska Book Co. won clearance Thursday in Delaware bankruptcy court to borrow $200 million, with JPMorgan Chase Bank NA acting as loan agent, in order to continue business operations ahead of the late-summer book-buying season.

Delaware Bankruptcy Judge Peter J. Walsh approved the debtor-in-possession financing, in the form of a $125 million in term loans and a $75 million revolving credit facility, on the same day the debtor won clearance to pay vendors, employees and others continue to operate. The book company...
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