GE Capital is Agent on $505M Debtor-in-Possession Financing to Borders

GE Capital, Restructuring Finance GE today announced it provided a $505 million debtor-in-possession credit facility to Borders Group, Inc.. The financing will be used by Borders for working capital as the company reorganizes under Chapter 11. GE Capital, Restructuring Finance is serving as the administrative agent and GE Capital Markets is serving as the sole lead arranger.