Bbi
- Creatore Discussione osinod
- Data di Inizio
paologorgo
Chapter 11
bisogna vedere cosa si intende per close, magari è un bk close...
Blockbuster bankruptcy looms
Video-store chain says there is ‘substantial doubt about our ability to continue as a going concern'; stock plunges
Blockbuster bankruptcy looms
Video-store chain says there is ‘substantial doubt about our ability to continue as a going concern'; stock plunges
osinod
Banned
al momento scambia ancora è come volumi x 1 milione 
BBI: Summary for BLOCKBUSTER CLASS A- Yahoo! Finance
BBI: Summary for BLOCKBUSTER CLASS A- Yahoo! Finance
paologorgo
Chapter 11
Direi che l'azienda abbia fatto un altro passo avanti, oltre al delisting... 
(Under the NYSE's rules, we had through the date of the annual meeting within which to cure this deficiency. Because the reverse stock split proposal was not approved by the requisite number of votes, the NYSE has informed the company that it intends to begin the process to delist both the Class A and Class B common stock)
On July 1, 2010, Blockbuster Inc. (the "Company"), a leading provider of media entertainment, and the guarantors (the "Guarantors") under that certain Indenture (the "Indenture"), dated October 1, 2009, by and among the Company, the Guarantors and U.S. Bank National Association, as Trustee, in respect of the Company's $675,000,000 principal amount of 11.75% Senior Secured Notes due 2014 (the "Notes"), entered into a forbearance agreement (the "Forbearance Agreement") with holders who have represented that they hold approximately 70% of the outstanding principal amount of the Notes (the "Forbearing Holders"). Based on the terms of the Forbearance Agreement, the Forbearing Holders agreed to, among other things, forbear from taking any action to enforce certain of their rights or remedies under the Indenture with respect to the Company's failure on July 1, 2010, (i) to redeem a portion of the Notes pursuant to the Indenture and the Notes (the "Amortization Payment Default") and (ii) to pay interest on the Notes (the "Interest Payment Default"). The Forbearance Agreement is effective until the earliest of (a) August 13, 2010, (b) the occurrence or existence of any Default or Event of Default (each as defined in the Indenture) other than the Amortization Payment Default or Interest Payment Default, and (c) the occurrence of certain other events as described in the Forbearance Agreement.
The Forbearance Agreement contains covenants by the Company to, among other things: (i) retain and continue to employ a chief restructuring officer who will assist with all restructuring initiatives of the Company, and (ii) provide to the Trustee and to counsel and the financial advisors to the Forbearing Holders
(a) a 13-week treasury cash flow forecast no later than Thursday of each week,
(b) executive summary reports no later than Thursday of each week, and
(c) period financial reports each month no later than twenty-one days after the end of the prior month. The Company also agreed to weekly telephonic and written communication with counsel and the financial advisors to the Forbearing Holders to review, among other things, the weekly reports and to provide updates on strategic processes.
(Under the NYSE's rules, we had through the date of the annual meeting within which to cure this deficiency. Because the reverse stock split proposal was not approved by the requisite number of votes, the NYSE has informed the company that it intends to begin the process to delist both the Class A and Class B common stock)On July 1, 2010, Blockbuster Inc. (the "Company"), a leading provider of media entertainment, and the guarantors (the "Guarantors") under that certain Indenture (the "Indenture"), dated October 1, 2009, by and among the Company, the Guarantors and U.S. Bank National Association, as Trustee, in respect of the Company's $675,000,000 principal amount of 11.75% Senior Secured Notes due 2014 (the "Notes"), entered into a forbearance agreement (the "Forbearance Agreement") with holders who have represented that they hold approximately 70% of the outstanding principal amount of the Notes (the "Forbearing Holders"). Based on the terms of the Forbearance Agreement, the Forbearing Holders agreed to, among other things, forbear from taking any action to enforce certain of their rights or remedies under the Indenture with respect to the Company's failure on July 1, 2010, (i) to redeem a portion of the Notes pursuant to the Indenture and the Notes (the "Amortization Payment Default") and (ii) to pay interest on the Notes (the "Interest Payment Default"). The Forbearance Agreement is effective until the earliest of (a) August 13, 2010, (b) the occurrence or existence of any Default or Event of Default (each as defined in the Indenture) other than the Amortization Payment Default or Interest Payment Default, and (c) the occurrence of certain other events as described in the Forbearance Agreement.
The Forbearance Agreement contains covenants by the Company to, among other things: (i) retain and continue to employ a chief restructuring officer who will assist with all restructuring initiatives of the Company, and (ii) provide to the Trustee and to counsel and the financial advisors to the Forbearing Holders
(a) a 13-week treasury cash flow forecast no later than Thursday of each week,
(b) executive summary reports no later than Thursday of each week, and
(c) period financial reports each month no later than twenty-one days after the end of the prior month. The Company also agreed to weekly telephonic and written communication with counsel and the financial advisors to the Forbearing Holders to review, among other things, the weekly reports and to provide updates on strategic processes.
paologorgo
Chapter 11
Imark
Forumer storico
paologorgo
Chapter 11
Ma il rimbalzo del gatto morto lo ha fatto ?
non dal livello indicato da osinod, ma c'è stato.
non vedo benissimo il target price di $0.72, ma vedo che funziona alla grande l'Osinod Bankruptcy Anticipator, come sempre...
paologorgo
Chapter 11
target price, zero.
http://www.nytimes.com/2010/09/24/business/24blockbuster.html?src=busln
Blockbuster, the struggling video rental giant, filed for bankruptcy protection on Wednesday, seeking to shed its onerous debt and remake itself to compete against nimbler rivals.
The long-awaited filing, made in federal bankruptcy court in Manhattan, will wipe out the bulk of Blockbuster’s nearly $1 billion debt, while handing over a huge equity stake to senior bondholders led by the investor Carl C. Icahn. Junior bondholders are expected to be wiped out, the company disclosed in a court filing.
http://www.nytimes.com/2010/09/24/business/24blockbuster.html?src=busln
Blockbuster, the struggling video rental giant, filed for bankruptcy protection on Wednesday, seeking to shed its onerous debt and remake itself to compete against nimbler rivals.
The long-awaited filing, made in federal bankruptcy court in Manhattan, will wipe out the bulk of Blockbuster’s nearly $1 billion debt, while handing over a huge equity stake to senior bondholders led by the investor Carl C. Icahn. Junior bondholders are expected to be wiped out, the company disclosed in a court filing.
