TITLE

Nebraska Book Restructures Debt

PUB. DATE
July 2011
SOURCE
Educational Marketer;7/4/2011, Vol. 42 Issue 14, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the debt restructuring of Nebraska Book Co. through voluntary bankruptcy. It states that the company decided to restructure its debt citing declined in revenue, increasing competition with other online textbook rentals, and due dates in 2012 and 2013. According to its filings at Securities and Exchange Commission, its 450 million dollars debt will be restructured while 77 million dollars will be eliminated. It adds the net loss of 98.3 million dollars.
ACCESSION #
65174245

 

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