Metro-Goldwyn-Mayer Talks With Lenders

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Movie studio Metro-Goldwyn-Mayer Inc., the movie studio controlled by Providence Equity Partners Inc. and TPG, is in talks with lenders to restructure $3.7 billion in debt.

Moelis & Co. has been hired to assist in ?ptimizing its capital structure,?the Los Angeles-based studio said Friday in an e-mailed statement.

The company, with the debt coming due in 2012, said it intends to stay independent. A specific restructuring plan hasn? been determined, according to a person with the knowledge of the situation. Possibilities include extending the maturity of the existing debt or a debt-for-equity swap, said the person, who asked not to be identified because the talks are private.

The maker of ?ames Bond?movies also has been trying to raise money to finance new films, including pictures based on J.R.R. Tolkien? ?he Hobbit.?p>


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