Nebraska Book Holdings, Inc. Successfully Closes Exchange Offer, Names New CEO

Nebraska Book Holdings, Inc. (www.nebook.com), a leading source of textbooks and service provider to higher education retailers across the United States, has announced the closing of its previously announced exchange offer relating to its 15.0 percent Senior Secured Notes due 2016.

Under the terms of the transaction, the Company retired certain of its 15.0 percent Senior Secured Notes due 2016 (the “Existing Notes”) in exchange for new 2.0 percent Convertible Senior PIK Notes due 2026, as described in the Company’s Offering Memorandum dated March 18, 2016, as amended (the “Exchange Offer”). In addition, the Company amended its ABL credit facility to increase availability and to (1) fund privately negotiated repurchases of Existing Notes not tendered in the Exchange Offer, (2) repay in full any remaining Existing Notes and (3) pay professional fees and expenses in connection with the Exchange Offer and related transactions.

The Company also announced the appointment of Rick Bunka as the Company’s president and chief executive officer. Bunka brings to Nebraska Book Company an experienced business executive and technology leader with over 30 years’ experience driving strategic change in the retail and service sectors. He has been serving the Company in a consultative capacity since June 2016 through Point North LLC, a strategic advisory services company he founded in 2013. Bunka succeeds Interim President and Chief Executive Officer Ben Riggsby, who will remain on the Company’s Board of Directors. Bunka was also elected to the organization’s Board of Directors.

Nebraska Book Holdings, Inc., more commonly known as Nebraska Book Company (NBC), began in 1915 as an independent college bookstore and is now a key resources partner to over 2,000 independent college retailers nationwide. With its strategic business services and technology offerings, including localized e-commerce capabilities, back-end system access and support as well as textbook solutions, Nebraska Book Company is devoted to supporting and strengthening independent higher education retailers across the United States. For more information about Nebraska Book Company, visit www.nebook.com.