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Blockbuster to offer $340M in notes


Dallas Blockbuster said Monday it will offer $340 million in senior notes due in 2014 in a private sale to institutional buyers.

The company said it plans to use the proceeds to pay down existing debt.

Blockbuster added that it intends to pursue an amendment that would allow qualified lenders to purchase notes in exchange for repayment of their loans under the term loan facility, or to extend the final maturity of their loans by a year.

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