Barnes & Noble completes purchase of Barnes & Noble College Booksellers

NEW YORK Barnes & Noble reported that it has completed the previously announced acquisition of privately held Barnes & Noble College Booksellers. As part of the transaction, BKS also acquired the Barnes & Noble trade name that had been owned by Barnes & Noble College Booksellers and licensed to Barnes & Noble.

As previously announced, concurrent with the signing of the agreement to acquire Barnes & Noble College Booksellers, Barnes & Noble entered into a new $1 billion, four-year revolving credit facility. The new facility has replaced each of Barnes & Noble’s and Barnes & Noble College Booksellers' existing credit facilities.

The purchase price paid by Barnes & Noblewas reduced from $596 million to $514 million to reflect $82 million in cash bonuses paid by Barnes & Noble College Booksellers to 192 members of its management team and employees, not including Len Riggio.