Blockbuster Gets Extension From Noteholders

Law360, New York (August 13, 2010, 6:53 PM EDT) -- In an ongoing attempt to stave off a bankruptcy filing, DVD rental giant Blockbuster Inc. has secured an extension from its debt holders, giving the firm some additional time to rework its capital structure.

In a statement Friday, Blockbuster said it had reached an agreement with certain senior secured noteholders, effectively extending a payment deadline to Sept. 30. It is the second such extension the beleaguered company has received from debt holders.

“We appreciate the continued cooperation of our senior secured noteholders and the other parties...
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