JPMorgan, Others to Increase MGM Credit Line
TheWrap.com reported that MGM is looking to adjust its debt and increase its current line of credit from $500 million to $650 million. The article said that JPMorgan is the lead bank on the deal along with Bank of America and Royal Bank of Canada.
According to the website, the financing will provide more leeway for the studio as well as pay back co-production partners Sony and New Line.
To read the entire story on TheWrap.com, click here.