Blockbuster completes amendment of revolving and term loan facility
Blockbuster Inc. said Friday that it has completed the amendment of its revolving and term loan facility, easing concern about the struggling video rental company's liquidity at least for the time being.
Blockbuster Inc. is set to file for bankruptcy Thursday in New York before the stock market opens, using a $125 million loan to reorganize so it can compete with rivals such as Netflix Inc. in renting movies online, according to a person with knowledge of the planned petition.