Jul 03 2013
Cengage Learning, a private equity-backed education company, filed for Chapter 11 bankruptcy protection on Tuesday as part of an effort to shrink its $5.8 billion debt load. The company, based in Stamford, Conn., also said that it had entered into a restructuring agreement with lenders who hold $2 billion of its first-lien debt. The restructuring will eliminate more than $4 billion in debt from the company’s balance sheet.
The Funeral Cryer by Wenyan Lu
Debut novelist Wenyan Lu brings us this witty yet profound story about one woman's midlife reawakening in contemporary rural China.
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