Nebraska Book Defends Ch. 11 Plan Pact With Bondholders

Law360, Wilmington (March 21, 2012, 8:26 PM EDT) -- Nebraska Book Co. defended a pact with senior noteholders underpinning its new reorganization plan Wednesday, saying the deal is a key step to ending the college bookstore chain’s unexpectedly long stint in Chapter 11.

In a reply filed in Delaware bankruptcy court, the Lincoln, Neb.-based company asked the court to overrule disgruntled junior creditors that objected to the so-called plan support agreement, which has now been signed by parties holding 60 percent of Nebraska Book’s senior notes.

After the failure of its first reorganization plan, Nebraska...
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