Shares in Borders have fallen 15% after the US bookselling group said it would delay payment to some publishers in a bid to preserve cash.
The company has been left short of money after its available credit under existing agreements was cut because the value of its inventories has fallen.
Borders said it was seeking to replace those credit facilities.
But if it failed to do so, the second largest bookseller in the US said it could face a "liquidity shortfall".
Company spokeswoman Mary Davis said that the firm would work with the publishers that supply it with books in order to restructure their payment arrangements।
http://www.bbc.co.uk/news/business-12097769
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