MGM Scrambles To Refinance $3.7 Billion Debt

“Debt-burdened Metro-Goldwyn-Mayer Inc. is scrambling to refinance a $3.7-billion loan that could help put it back on a footing with the major Hollywood studios. MGM is paying almost $300 million a year in interest and faces a payment of nearly $1 billion in June 2011. The remainder of the loan comes due the following year.”