The largest video rental giant Blockbuster is in talks with its bondholders to pay a sum of $ 150 million dollars as a debt who will be part owners of the video rental giant. The fund is necessary for the company to operate in bankruptcy.
The talks with various bondholders, various parties, debt-holders, equity-holders, strategic-investors are going on perfectly well and the money is going to be accumulated very soon. The securities filing by the Blockbuster Inc shows a debt of around $ 895.6 million of which $ 41.5 million needs to be paid next month as interest and amortization payment. This huge debt is the reason this step is being taken and analyst are closely following its every move.
If the company fails to negotiate with the bond holders and other partners, then it will be left with no other option but to file for Chapter 11. Since the company has very little cash, about $ 100 million and paying a huge payment of $ 42 million will not be possible

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