Nebraska Book Company got one more step closer to exiting Chapter 11 bankruptcy with yesterday’s signed order for the Amended and Restated Plan Support Agreement, filed earlier this month. Under the agreement, 8.625% senior subordinated noteholders will receive an improved package of warrants to purchase stock in the reorganized company along with $1.75 million to cover fees incurred by their advisors. The holders of class 5 general unsecured claims will receive cash payments equal in value to the percentage recovery by the 8.625% senior subordinated noteholders.

In a statement, NBC president Barry Major called it “a significant day for Nebraska Book. We are more than ready to move beyond this process and get back to doing what we do best. By finalizing an agreement with both of these groups of noteholders, we are confident that we can move forward in this process with the support we need.”

There are still a few more hurdles for Nebraska to get past before it emerges from bankruptcy. On April 13, the court will hold a hearing on the Disclosure Statement, which was filed with the Second Amended Plan of Reorganization on March 7.