Showing posts with label Borders Books. Show all posts
Showing posts with label Borders Books. Show all posts
Friday, July 16, 2010
Borders Official Retailer for National Book Festival
ANN ARBOR, Mich./AUTHORLINK NEWS/July 15, 2010--Borders is the official book retailer for the 10th Annual National Book Festival. To celebrate, the retailer is teaming with the Library of Congress to encourage kids to design the National Book Festival's Official Bookmark -- the first ever designed by a member of the public. In addition to having his or her design displayed on the National Book Festival Official Bookmark to be distributed to tens of thousands who attend the event, the winner will receive a $500 Borders gift card and another $500 Borders gift card for their school library.
Kids have until the end of the month to submit their entries in the national "Design a Bookmark" contest. To enter, kids can download an official entry form at http://www.borders.com/online/store/MediaView_bookmarkcontest, design their bookmark image right on the page, and turn the form into their local Borders store. Two winners from each store will be awarded a $25 gift card and advance to the state competition. Then, two winning entries from each state will advance to the national competition, where one grand prize winner will be selected. In addition to a grand prize winner, there will be a second and third place winner, who will each receive two $250 gift cards and two $100 gift cards, respectively.
The 10th Annual National Book Festival, organized and sponsored by the Library of Congress, will be held Saturday, Sept. 25 on the National Mall in Washington, D.C., between 3rd and 7th Streets from 10 a.m. to 5:30 p.m. As the official book retailer for the event, Borders will have a store in the Book Sales Pavilion, so attendees can quickly and conveniently pick up their books before heading over to the Author Signing Pavilions located nearby.
The event will feature a number of authors including Suzanne Collins, Linda Sue Park, Katherine Paterson, Jane Smiley, Scott Turow and Gordon S. Wood with more to sign on in the coming weeks.
Thursday, April 01, 2010
Borders Survives, Gets $90 Million Loan
Borders Announces $700 Million Revolving Credit Facility and $90 Million Term Loan
Company meets $42.5 million loan obligation
ANN ARBOR, Mich./AUTHORLINK NEWS--March 31, 2010 /Borders Group, Inc., which had been tetering on the edge of bankruptcy, today announced that it has entered into an amended and restated revolving credit agreement. The new, $700 million senior secured asset-based credit facility matures in March 2014 and replaces the company's existing revolving credit agreement, which would have matured in July 2011. Banc of America Securities LLC, Wells Fargo Retail Finance, LLC, J.P. Morgan Securities Inc. and GE Capital Markets, Inc. acted as joint lead arrangers and book runners. Bank of America, N.A. will serve as the administrative agent. Borrowings under the facility will be used for general corporate purposes.
The company also closed on a $90 million term loan credit facility, which will mature in March 2014 with the exception of $10 million of that facility, which Borders will amortize over four months beginning in September and concluding in December of this year. Banc of America Securities LLC acted as sole arranger and book runner on the facility and GA Capital LLC will serve as the administrative agent. Lenders are expected to include an affiliate of Stone Tower Capital LLC, a $39 billion credit focused asset management firm; funds managed by Tennenbaum Capital Partners, LLC, a Santa Monica-based special situations investment firm; and Gordon Brothers Merchant Partners.
Separately, Borders Group has met its obligation to Pershing Square Capital Management, L.P. for payment of the $42.5 million senior secured term loan due April 1.
Details of the financing arrangements will be included in a Form 8-K to be filed with the Securities and Exchange Commission.
"We are pleased to have the continued support of our lending group and term loan investors," said Borders Group Chief Financial Officer Mark Bierley. "With the completion of these transactions, the company can turn its focus to driving sales growth and improving profitability."
About Borders Group
Headquartered in Ann Arbor, Mich., Borders Group, Inc. (NYSE: BGP) is a leading specialty retailer of books as well as other educational and entertainment items. The company employs approximately 19,500 throughout the U.S., primarily in its Borders(R) and Waldenbooks(R) stores.
SOURCE Borders Group, Inc.
Company meets $42.5 million loan obligation
ANN ARBOR, Mich./AUTHORLINK NEWS--March 31, 2010 /Borders Group, Inc., which had been tetering on the edge of bankruptcy, today announced that it has entered into an amended and restated revolving credit agreement. The new, $700 million senior secured asset-based credit facility matures in March 2014 and replaces the company's existing revolving credit agreement, which would have matured in July 2011. Banc of America Securities LLC, Wells Fargo Retail Finance, LLC, J.P. Morgan Securities Inc. and GE Capital Markets, Inc. acted as joint lead arrangers and book runners. Bank of America, N.A. will serve as the administrative agent. Borrowings under the facility will be used for general corporate purposes.
The company also closed on a $90 million term loan credit facility, which will mature in March 2014 with the exception of $10 million of that facility, which Borders will amortize over four months beginning in September and concluding in December of this year. Banc of America Securities LLC acted as sole arranger and book runner on the facility and GA Capital LLC will serve as the administrative agent. Lenders are expected to include an affiliate of Stone Tower Capital LLC, a $39 billion credit focused asset management firm; funds managed by Tennenbaum Capital Partners, LLC, a Santa Monica-based special situations investment firm; and Gordon Brothers Merchant Partners.
Separately, Borders Group has met its obligation to Pershing Square Capital Management, L.P. for payment of the $42.5 million senior secured term loan due April 1.
Details of the financing arrangements will be included in a Form 8-K to be filed with the Securities and Exchange Commission.
"We are pleased to have the continued support of our lending group and term loan investors," said Borders Group Chief Financial Officer Mark Bierley. "With the completion of these transactions, the company can turn its focus to driving sales growth and improving profitability."
About Borders Group
Headquartered in Ann Arbor, Mich., Borders Group, Inc. (NYSE: BGP) is a leading specialty retailer of books as well as other educational and entertainment items. The company employs approximately 19,500 throughout the U.S., primarily in its Borders(R) and Waldenbooks(R) stores.
SOURCE Borders Group, Inc.
Thursday, July 26, 2007
News update for writers and publishers
News Updated Every Thursday
Last Update: July 26, 2007
Hi Everyone,
Among items of particular interest this week for our writers are the expansions of two small presses. Fulcrum Publishing has acquired Speck Press, expanding its line, and Pegasus Books, a well respected New York-based small publisher is now churning out 40 books a year.
In the UK, publisher Little Brown has acquired Piatkus, so it will be interesting to see what grows from that merger.
Another new and potential market is bookseller Borders Group, Inc., which has now put itself in the publishing business, with Nick Santora's debut novel SLIP & FALL. We'll have an audio interview later this month with Nick, who has also written for the television shows Prison Break, The Sopranos and Law & Order and The Guardian, as well as multiple feature films. You'll want to see what he has to say in August about his writing journey. Stay tuned.
Headlines this week:
- Scholastic to Sue Distributors for Leak In Potter Distribution
- Harry Potter Sales Break All Records At Barnes & Noble
- Borders Names Two New Vice Presidents; Vanzura, Nasshan Depart
- Fulcrum Acquires Speck Press, Expands Lines
- Pegasus to Publish French Author Dumas's Long Missing Novel
- McGraw-Hill Second Quarter Income Soars
- Authorlink Introduces BookFlix Streaming Videos of Top Authors
- Try Authorlink's Virtual Classroom for Writers! FREE lesson sample!
- Authorlink Members Get FREE Current-Release Books. See how!
UK REPORT in alliance with PUBLISHING NEWS
Updated July 26, 2007
- PN Examines Big Week for Potter's Final Release
- Bertrams/THE Merger Gets Green Light
- Little Brown Acquires Indy Publisher Piatkus
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