bgp

Consumer shares are mixed at mid-day as Borders Group (BGP) submits a long-awaited Chapter 11 bankruptcy protection filing. Shares of the company have been suspended following the filing. Borders, which will continue operating, ha

Operating under Chapter 11, Borders has received commitments for $505 million in Debtor-in-Possession (DIP) financing led by GE Capital, Restructuring Finance. This financing should enable Borders to meet its obligations going for

Borders shares are down 23.4% to $0.228.

Shares of Borders Group (BGP) are sharply lower after the troubled bookseller filed a petition for reorganization relief under Chapter 11 of the Bankruptcy Code.

Borders has received commitments for $505 million in debtor-in-possession (DIP) financing. The company said that it is serving customers in the normal course and expects to continue payroll and benefits for its employees.

Borders Group (NYSE:BGP) announced that it has filed for Chapter 11 bankruptcy protection and stated that this will allow the company with the best route to reorganize and reposition for the long term.

Consumer shares are mixed in mid-session trading as Borders Group (BGP) sees another massive price swing after the bookstore chain delays payments to vendors, landlords and others. Borders Group hopes that the delay in making paym

The company said it hopes that the delay will help to continue in operation while it seeks to complete a refinancing or restructuring of its existing credit facilities and other obligations.

The company has received a conditional commitment from GE Capital, Restructuring Finance for a $550 million senior secured credit facility.

Borders Group shares are down 13.7%, or $0.117, to $0.73.

Shares of Borders Group (BGP) are sharply lower after the bookstore chain announced it will delay payments to certain parties, such as vendors, landlords and others, scheduled for the end of January.

Good Morning. It's Monday, January 31, 2011. At this hour, U.S. equity futures are higher. Overseas, the Asian markets were lower, while the European markets are down. Alpha Natural (ANR) buys Massey Energy (MEE) for $8.5B, $6

Borders Group (BGP) announced that it has received a commitment from GE Capital, Restructuring Finance to provide a $550 million senior secured credit facility that, upon completion, including the obtaining of $125 million of addi

Good Morning. It's Friday, January 28, 2011. At this hour, U.S. equity futures are mixed. Overseas, the Asian markets were mixed , while the European markets are also mixed.

Consumer shares are mostly higher in mid-session trading as Borders Group (BGP) remains up more than 20% in an unlikely turn of events for the bookseller. the New York Times reports the company may be close to securing refinancing