BofA Agents $50MM Barnes & Noble Upsize

Barnes & Noble entered into an amendment to its credit agreement, increasing funds by $50 million. Bank of America acted as administrative agent, collateral agent and swing line lender.

Barnes & Noble to Whittle Stores For Years

The Wall Street Journal reported that the CEO of Barnes & Noble’s retail group revealed in a recent interview that the bookseller expects to close as many as a third of its retail stores over the next decade.

While ABL Tapers Off in Q4/09, Lenders Expect an Active 2010

Asset-based lending got off to a tepid start in 2009 and gained momentum part way through the year, only to see issuance taper off by year-end. At $8.55 billion, Q4/09 issuance, while up 45% over Q4/09, was off 15% from Q3/09 levels, to close out the year with the lowest quarterly issuance since the end of 2008. The softness was disappointing and arguably a bit of a surprise.