LINCOLN, Neb.–(BUSINESS WIRE)–Nebraska Book Holdings, Inc. (NBC) announced today, July 31, 2018, that
it has successfully completed the restructuring of its balance sheet
eliminating the substantial majority of its legacy long-term debt. Going
forward the company will have a capital structure that will enable
growth and profitability. This was accomplished by NBCs major debt
holders converting their remaining debt to equity and through a new
Asset Based Loan (ABL) facility from Callidus Capital Corporation
(Callidus). On or before October 1, 2018, NBC intends to redeem all
remaining notes, fully eliminating its legacy long-term debt.
“Over…
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