Nebraska Book Co. Can Begin Shopping Ch. 11 Plan

Law360, New York (April 13, 2012, 4:13 PM EDT) -- A Delaware bankruptcy judge on Thursday approved Nebraska Book Co.'s disclosure statement for the latest version of its restructuring plan, allowing the college bookstore chain to solicit votes by early next week for a proposal to cut down debt through an agreement with its lenders.

Seventy-three percent of the parties holding the bookseller's $200 million in senior secured notes and more than two-thirds of the holders of $180 million in senior subordinated notes have preliminarily agreed to support the plan, the company said.

The official committee...
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