Blockbuster Files Prepack Ch. 11 To Reduce $1B Debt
The rental giant filed its long-anticipated Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of New York, listing $1.02 billion in assets and $1.46 billion in liabilities.
Blockbuster filed the petition after reaching an agreement with a group of bondholders holding about 80.1 percent principal amount of...
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