Blockbuster asked for a new amendment to its $550 million term loan "B" for improved operating flexibility during a lengthy phone call to investors. [The company initially offered lenders 12.5 basis points and a 25 basis points hike on the coupon to LIBOR plus 3% to get the deal done, but had to increase pricing to 4% and pay a fee of 25 basis points to close the deal. The deal was trading at 100.107 to 100.750 last week, according to Markit.]
One Year Ago In The Credit Markets
