Nebraska Book Plans To Recast $450M Of Debt

Law360, New York (July 18, 2011, 3:29 PM EDT) -- College bookstore chain Nebraska Book Co. on Sunday asked a Delaware bankruptcy judge for permission to distribute a Chapter 11 plan that restructures $450 million in debt and turns the company over to two groups of noteholders.

Nebraska Book filed its disclosure statement and prearranged reorganization plan, having already worked out a deal with its major creditors, including the vast majority of noteholders collectively owed about $260 million.

“This recapitalization is great news for our future because it will give us the financial flexibility we need...
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