Barnes & Noble Announces Amendment and Extension of Its Existing $1 Billion Credit Facility on More Favorable Terms (BKS)

Barnes & Noble, Inc. BKS today announced that it has entered into an amendment that will extend its existing $1 billion revolving credit agreement on more favorable terms. The amended $1 billion revolving credit facility takes advantage of conditions in the financial markets that are more favorable than when the original facility was established. The amended facility has lower interest costs, greater financial flexibility and increases overall borrowing capacity throughout the year. The amendment also extends the previous maturity date from September 29, 2013 to April 29, 2016. For further details, please see the company's Current Report on Form 8-K being filed today with the SEC.