After Barnes & Noble Education warned earlier in the month that it risked being unable “to continue as a going concern” if it could not refinance its loans, the company has now reached an agreement and extended their lifeline. But the refinancing is still relatively short term — until the end of 2024 — and the lenders have imposed conditions that seem designed to force the company into a sale or recapitalization. BNED must appoint a Chief Restructuring Officer and they will need to add two independent directors to the board — which has stood by without doing much as […]
