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Empresas y finanzas

Borders to keep cash on hand, delay payments


    NEW YORK (Reuters) - Bookseller Borders Group said on Sunday that it would conserve cash by delaying its January payments to its vendors and landlords while it tries to complete its debt refinancing.

    Borders said on Thursday that it had received a conditional commitment from GE Capital for a $550 million senior secured facility.

    It also said on Thursday that it may have to do its debt restructuring in court, meaning it would file for bankruptcy protection.

    (Editing by Bernard Orr)