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Metro-Goldwyn-Mayer (MGM) said Thursday it has raised $300 million in fixed-rate loans arranged by JP Morgan Chase and Goldman Sachs.
The 90-year-old film studio, which for years made classic films and is now home to the James Bond franchise, said it raised $100 million more than it originally sought. The loan spans six years and comes at a fixed rate of 5.125%, and it will be used for “general corporate purposes.”
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