Daily News: July 19, 2018

BofA Amends Barnes & Noble $750MM Credit Facility


Barnes & Noble amended its existing $750 million credit facility and extended it through July 2023. Bank of America served as administrative agent on the amendment.

“We appreciate the strong level of support we received from our lending partners,” said Allen Lindstrom, chief financial officer of Barnes & Noble. “Extending our credit facility provides us continued flexibility to support the seasonality of our business and execute on our strategic initiatives.”

Bank of America, JPMorgan Chase Bank, Wells Fargo and SunTrust Robinson Humphrey acted as joint lead arrangers and joint book runners on the transaction.