Blockbuster Refinances Revolver
Blockbuster has received commitments to refinance its revolver that had a looming September 2009 maturity, but it did so at a high cost.
The facility will mature in September 2010. A Blockbuster spokeswoman could not immediately comment. Blockbuster is one of more than 50 companies facing loan maturities this year that may meet refinancing roadblocks given tight credit markets (CIN, 2/14).