Connect With Us


Borders to Delay Rent Payments to Protect Liquidity


The potential of a Borders bankruptcy filing has been generating a lot of buzz in the retail real estate industry in the past few weeks. The book retailer has clearly been struggling and many landlords might be bracing themselves for store closing announcements in the near future. The good news that emerged late last week was that Borders has secured $550 million in financing from GE Capital, which might help it avoid bankruptcy.

The bad news is that the loan comes with certain conditions, and now Borders has announced it will delay payments to both vendors and landlords to increase its liquidity. Meanwhile, a bankruptcy filing remains a possibility, according to analysis by The New York Times.

Please or Register to post comments.

What's TrafficCourt?

Industry news, views and occasional strange stuff.


Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
Blog Archive
National Real Estate Investor Related Sites

Sponsored Introduction Continue on to (or wait seconds) ×