Qintex Gets Financing for MGM/UA: Beverly Hills-based...
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Qintex Gets Financing for MGM/UA: Beverly Hills-based Qintex Media BV, the Qintex Group’s vehicle for the acquisition of MGM/UA Communications Co. announced that it has obtained a commitment for the bank-financing portion of the acquisition cost plus future working capital. The financing is being arranged through a group of international banks led by Bank of America, Citibank, Barclays Bank PLC and Credit Lyonnais. It is anticipated that other participants will include major banks in Japan, Europe and the United States. The credit facility totals $400 million.
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