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Sunday, April 5, 2009

Blockbuster Amends Loan


Blockbusters Inc , said Friday that its revolving and term loan agreement has been amended , giving the struggling company some breathing room on its finances amind a deeping recession and increased compeition .


The video rental company had lined up tentative financing deals , but cautioned last month that its auditor was doudts about its abitiy to stay in business .

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