MGM Looks for Sixth Extension on Debt

Posted In | News Categories: Business, Films | Geographic Region: All | Site Categories: Business, Films

MGM has asked its lenders for a sixth deadline extension on its debt and interest payments, according to THE HOLLYWOOD REPORTER. The request was expected but whether its more than 100 lenders will accept another push on payments towards its nearly $4 billion worth of debt is unknown. Lenders will certainly need to be more details of MGM's restructuring plan to even consider another extension. If the lenders balk, MGM will need to pay $250 million of principal and over $200 million in interest by July 15.








Comments

  No comments. Be the first to comment below.


Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
  • Use <!--pagebreak--> to create page breaks.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.