Borders Gets a Better Deal

Mac Slocum
April 8, 2008 | | Comments (0) | Listen Speech Icon

Borders has revised its $42.5 million loan with Pershing Square Capital Management. According to The Bookseller, the loan interest rate has been reduced from 12.5 percent to 9.8 percent. Pershing has also boosted its backup offer for Borders' international operations to $135 million.

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