Dec 20 (Reuters) - Metro-Goldwyn-Mayer Inc:
* MGM restructuring plan becomes effective
* MGM says Gary Barber and Roger Birnbaum assume leadership immediately as
co-chairmen and chief executive officers of MGM
* MGM says plan of reorganization (the 'plan') was confirmed on December 2,
2010
* Restructuring has become effective, with exit financing of $500 million in
place
* MGM says JPMorgan arranged MGM exit financing
* MGM -has significantly improved financial position with secured lenders
exchanging about $5 billion for equity in the company
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* MGM restructuring plan becomes effective
* MGM says Gary Barber and Roger Birnbaum assume leadership immediately as
co-chairmen and chief executive officers of MGM
* MGM says plan of reorganization (the 'plan') was confirmed on December 2,
2010
* Restructuring has become effective, with exit financing of $500 million in
place
* MGM says JPMorgan arranged MGM exit financing
* MGM -has significantly improved financial position with secured lenders
exchanging about $5 billion for equity in the company
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.