MGM says it's not on block

August 25, 2008 [...] sources familiar with the pending transaction said that the Royal Bank of Scotland will lead a more than $500 million financing that features a $340 million revolving credit facility and which should be buttoned up in three to six weeks. Longer term, Goldman Sachs' strategic search could yield a new private-equity investment in the studio, a debt restructuring or even an initial pubic offering, Pryor said. The Hollywood Reporter reported Wednesday that Mumbai-based Reliance Big Entertainment had considered taking an equity stake in the studio but decided against such a move.

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