The Wall Street Journal reports:
"Borders Group Inc. is continuing talks to a secure a $500 million credit line and has hired bankruptcy and restructuring lawyers, said people familiar with the matter. Borders' restructuring lawyers met Thursday with publishers to pitch them on a plan to defer payments and is talking with GE Capital about providing a new revolving credit facility that would replace existing debt, this person said. Borders hopes the new financing can provide a bridge for the company over the next six to 12 months while it rearranges its business, this person said."
No comments:
Post a Comment