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) Keywords: BORDERS/ (Reporting by Caroline Humer; email Caroline.Humer@Thomson.Reuters.com; Tel: 1-646-223-6181) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.