Blockbuster Reaches Deal With Lenders

Just ahead of the deadline, Dallas-based Blockbuster reached a deal with its lenders yesterday for another waiver on debt payments.   The Morning News says the company’s 2nd Quarter results will be announced today…a day later than expected.  Blockbuster had been saying it could be forced into bankruptcy without the debt waivers.

  • Nomo Blockbuster

    Had Blockbuster kept its word on releasing its quarterly financial data on August 12th (as opposed to the 13th), prior to the extension being granted on August 13th, there’s no way that the lenders would’ve given Blockbuster another day. Absolutely pathetic of Blockbuster for keeping everyone in the dark and not reporting the numbers when they said they would. Even more pathetic of the lenders to allow this freak show that is Blockbuster to continue.

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