The studio is scrambling to refinance its $3.7-billion loan and has not released a movie since December. Few in Hollywood think it can survive much longer without being sold or merged. Metro-Goldwyn-Mayer Inc., scrambling to refinance its $3.7-billion loan, said in a statement Wednesday that an audit showed the struggling studio to be in "full compliance with all of its debt covenants."
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L.A. Times - Entertainment News, Los Angeles Times: Entertainment
Thu, 07/16/2009 - 12:00am
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