Noteholders Give Blockbuster an Extension

(Law360) 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.

Read More: Law360

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