MGM gets a lifeline
Metro-Goldwyn-Mayer, the studio seeking to restructure $3.7 billion in bank loans, said lenders accepted a forbearance agreement that allows the company to skip interest payments.
The accord, which runs through Dec. 15, means the lenders won’t enforce rights or remedies arising from the company’s request to omit payments in September, October and November, Los Angeles-based MGM said in an e-mailed statement.
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