Baker & Taylor postpones $240 million notes due to market conditions

By Paul A. Harris

Portland, Ore., March 1 - Baker & Taylor postponed its $240 million offering of five-year senior secured notes due to market conditions, an informed source said late Tuesday.

Jefferies & Co. had the books for the debt-refinancing deal.

Baker & Taylor is a Charlotte, N.C.-based distributor of books, video and music products to public and academic libraries.

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