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Bailout for Blockbuster

Posted by: , 11:50 AEDT, Sat April 4, 2009
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Yesterday Blockbuster received a $250 million loan from JP Morgan & other financial institutions

Blockbuster Inc. was granted a $250 million revolver loan yesterday, on top of the $200 million they have already received.  The loan will be due in late September of 2010.

We believe the amount that will be available under this extended facility … will provide the company with adequate liquidity to manage through the challenging macro-economic environment,”

The new loan is important because Blockbuster could have lost another $140 million of potential credit in August without a show of support from banks.


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