Borders Receives Refinancing Commitment from GE Capital
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ANN ARBOR, MI—Jan. 27, 2011—Borders Group has received a commitment from GE Capital, Restructuring Finance to provide a $550 million senior secured credit facility that, upon completion, will provide Borders with the financial flexibility and an appropriate level of liquidity to move forward with its strategy to reposition its business model and the Borders brand.
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