New York City Barnes & Noble Wednesday completed the previously announced acquisition of privately held Barnes & Noble College Booksellers, a leading contract operator of college bookstores in the United States. College Booksellers has now become a wholly owned subsidiary of BKS.
As part of the transaction, BKS also acquired the Barnes & Noble trade name that had been owned by College and licensed to BKS. As previously announced, concurrent with the signing of the agreement to acquire College, BKS entered into a new $1 billion, four-year revolving credit facility. The new facility has replaced each of BKS’ and College’s existing credit facilities.