In other bookseller financial news, Barnes & Noble said they have amended their $1 billion line of credit to lower their financing costs and increase their borrowing capacity. CFO Joe Lombardi says in the release, “Amending our revolving credit facility enables us to lower our anticipated cost of capital and enhance our financial flexibility as we continue to transform the company and execute our strategic plan. We appreciate the strong level of support we received from our lenders.” They will write-off $6.4 million in deferred financing fees in the current fiscal year, which ended April 30, and say that in […]
