MGM looks to avoid bankruptcy

May 27, 2009 Burdened by a debt load totaling almost $4 billion, MGM execs had been hoping to get enough hit movies into theaters quickly enough to solve its money woes internally. [...] with growing signs of restlessness among studio creditors, the Lion is on the prowl for any sort of capital restructuring that can avert a forced Chapter 11 bankruptcy reorganization. No one is suggesting that talks between the studio and its creditors have yielded a specific game plan.

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