(RTTNews) - Image Entertainment, Inc. (DISK: News ) said it reached a Second Amendment Agreement with the holder of its 8.875% senior convertible note due August 30, 2011 in the principal amount of $15.70 million. On November 12, 2009, the Holder provided notice of its election to require the company to make an installment payment of principal and accrued interest under the Note on November 15, 2009 in the amount of $4.04 million.

The Second Amendment Agreement amends the Note to further change the dates on which the Holder may request the next installment payment under the Note.

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by RTT Staff Writer

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