• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register
Publishers Lunch logo Publishers Lunch logo
  • Publishers Marketplace
  • Site Guide
  • Help
Login Sign Up
  • Personnel
  • AI
  • Compensation
  • Unions
  • Book Bans
  • New Releases
  • Earnings
  • The Trial
  • Archives
Publishers Lunch logo
  • Publishers Marketplace
  • Site Guide
  • Help
  • Publishers Marketplace
  • Site Guide
  • Help

July 13, 2010By Sarah Weinman

Borders Will Sell Paperchase for $31 Million in Debt-Reduction Measure

July 13, 2010By Sarah Weinman

Borders has agreed to sell its Paperchase stationery unit for $31 million to Primary Capital, a UK-based private equity firm. Under the agreement, set to close next week, Borders will continue to purchase and sell Paperchase products in its stores, and use $25 million of the proceeds to reduce the amount outstanding under its $90 million term loan credit facility, as specified under the terms of the loan agreement reached this past April. The deal comes just a month after Borders laid off an unspecified number of Paperchase staff, its third round of job cuts in 2010, and six years […]

Login to read full story

Filed Under: Bookstores, Finance, News

sidebar

Primary Free Sidebar

Login

Forgot Password Quick Pass User Login
Get Full Access
The Publishing Industry’s Essential Daily Read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • James Frey Has Rich Friends, and They Like His New Book June 12, 2025 WSJ
  • Leon Levy Foundation Awards $300,000 Grant to the Authors Guild Foundation to Preserve Literary Advocacy Archives June 10, 2025 Authors Guild
  • Trending: Tote Bags That Hold Just A Book June 10, 2025 Elle
  • Hadley, MA B&N Workers OK Union Contract After Two Years of Negotiation June 6, 2025 Daily Hampshire Gazette
  • Authors Guild Update On Albert Whitman Bankruptcy Hearing June 5, 2025 AG post
  • "Frozen Yogurt and Fiction Collide" As Pinkberry Promotes Emily Henry (And Their Limited Flavor, Summer Melon Crush) June 3, 2025 Press release
  • JennaFest Draws 200 Readers; She Says She Is Collaborating On a Screen Project with Elin Hilderbrand June 2, 2025 Today
  • Chicago Sun-Times Investigation Admits Everyone Remotely Connected to Bogus AI Supplement Was Lazy, Greedy, or Both May 30, 2025 Sun-Times
  • Shocker: Unbound Successor Boundless Backs Off Promise to Paid Owed Royalties, As Co-Founder and Publisher John Mitchinson Leaves May 30, 2025 Bookseller
  • Why Has BookTok Turned On Creator Luke Bateman? May 30, 2025 Marie Claire Australia
Publishers Marketplace logo

Contact Us

News

  • Publishers Marketplace
  • Report News
  • Discuss
  • Classifieds
  • Rights Offerings

Deals

  • Report A Deal

Books

  • Buzz Books

Jobs

  • Job Board
  • Privacy Policy Terms of Use