Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 10-09-2015 | Practice Area: | Debt Capital Markets |
| Deal Title: | Barnes and Noble Group Asset-Backed Facilities | Industry: | General Retailers |
| Description: |
On August 3, 2015, in connection with the separation of Barnes and Noble Education, Inc. (BNED), which owns the Barnes and Noble college business, from Barnes and Noble, Inc. (B and N), which owns the retail and NOOK digital businesses, each of B and N and BNED entered into five-year asset-backed revolving credit facilities arranged by Merrill Lynch, Pierce, Fenner and Smith Incorporated, J.P. Morgan Securities LLC, Wells Fargo Bank, N.A. and SunTrust Robinson Humphrey, Inc. Cravath represented B and N and BNED in connection with the credit facilities, under which the lenders committed to provide an aggregate committed principal amount of USD700 million for B and N and USD400 million for BNED.
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| Financial Center: | New York | Value: | 1000.01-5000.00 |
| Advised Party: | Originator | Law Firm | Cravath |
| Assets Jurisdiction | United States | Issuer Jurisdiction | United States |
| Classification: |
Securitisation and Structured Finance Trade Receivables |
Lawyer | Paul H Zumbro |
