Getting your player ready...
Blockbuster chief executive Jim Keyes on Wednesday acknow ledged the movie-rental chain is seeking short-term financing to stay afloat in bankruptcy should the company fail to restructure outside of court.
In an interview, Keyes described the discussions as “contingency planning.” According to people familiar with the matter, Blockbuster is in discussions with senior bondholders about up to $150 million in so-called debtor-in- possession financing that would help the chain operate were it to file for bankruptcy.
Keyes declined to discuss the specifics of any discussions.
