Blockbuster Inc., a leading global provider of media entertainment, today announced the company, JPMorgan and a group of lenders, led by Monarch Alternative Capital LP and Silver Point Capital, L.P., have completed the amendment of the company’s revolving and term loan facility.
The amendment includes commitments from lenders for a $250 million revolving loan refinancing with a maturity date on September 30, 2010, which commitments the Company expects to fund in May upon satisfying the conditions set forth in the amendment.
“The completion of the amendment is an important milestone for Blockbuster,” stated Jim Keyes, Blockbuster Chairman and CEO.
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