May 11 Privately held U.S. movie studio MGM
Holdings Inc said on Thursday it raised new debt and closed a
deal to buy the remaining stake of premium U.S. channel Epix.
The $2.1 billion facility comprises a $1 billion five-year
credit facility, plus an incremental $250 million optional
accordion, and a new $850 million five-year term loan, the
The company said last month it would acquire the 81 percent
of Epix it does not already own from Viacom Inc and
Lionsgate Entertainment Corp for about $1 billion.
The new capital helped close the acquisition of Epix, the
The debt was arranged by J.P. Morgan Chase with a syndicate
of lenders, MGM said.