Brief: Barnes & Noble Education Shareholders Approve Milestone Equity And Refinancing Transactions

Barnes & Noble Education

05/06/2024 21:32

June 5 (Reuters) - Barnes & Noble Education Inc
 BNED.N :
    * BARNES & NOBLE EDUCATION SHAREHOLDERS APPROVE MILESTONE
EQUITY
AND REFINANCING TRANSACTIONS TO SIGNIFICANTLY STRENGTHEN BALANCE
SHEET AND ADVANCE INDUSTRY LEADING SERVICES FOR INSTITUTIONS AND
STUDENTS
    * BARNES & NOBLE EDUCATION INC - SHAREHOLDERS APPROVE SEVEN
DIRECTORS TO SERVE ON BOARD OF DIRECTORS
    * BARNES & NOBLE EDUCATION INC - BNED TO RECEIVE $95 MILLION
OF
NEW EQUITY CAPITAL THROUGH $50 MILLION EQUITY INVESTMENT
    * BARNES & NOBLE EDUCATION INC - CONVERTS APPROXIMATELY $34
MILLION OF SECOND LIEN DEBT TO EQUITY
    * BARNES & NOBLE EDUCATION INC -  BNED TO RECEIVE $45
MILLION
FULLY BACKSTOPPED EQUITY RIGHTS OFFERING LED BY IMMERSION
CORPORATION
    * BARNES & NOBLE EDUCATION INC - WILL REFINANCE  EXISTING
ASSET
BACKED LOAN FACILITY, PROVIDING CO WITH ACCESS TO $325 MILLION
FACILITY MATURING IN 2028

Source text for Eikon:  ID:nBwbcKKyNa 
Further company coverage:  BNED.N 

 ((Reuters.Briefs@thomsonreuters.com;))