Nebraska Book Company, which has been headed towards bankruptcy at least since March in order to restructure a significant debt load, has filed for Chapter 11 in Delaware and at the same time announced agreements with their largest creditors. Though they are not calling it a prepackaged bankruptcy, the privately-owned Nebraska Book says they already have the necessary approvals from holders of over 95 percent of a debt tranche that is due in 2012 and more than 75 percent of notes that mature this December. The company says on their web site that the Chapter 11 filing is required to […]
