Blockbuster to start roadshow Thursday for $300 million eight-year notes

By Paul A. Harris

St. Louis, Aug. 4 - Blockbuster Inc. will start a roadshow Thursday for a $300 million offering of eight-year senior subordinated notes, according to market sources.

Pricing is expected on Aug. 12.

JP Morgan, Credit Suisse First Boston and Citigroup will be joint bookrunners for the Rule 144A offering.

The notes will come with four years of call protection.

The company is also obtaining a $1.15 billion credit facility.

Proceeds will be used to pay part of an anticipated special cash distribution to holders of its common stock, expected to be paid prior to the spinoff by Viacom of that company's 80% interest in Blockbuster.

The Dallas company is a provider of in-home movies and games.

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