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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