Thursday, February 27, 2020

TRIBUNE CREDITORS TO SUE ZELL

December 7, 2010 by · Leave a Comment 

Just hours ahead of a Wednesday deadline, Tribune Co. lenders plan to file a lawsuit today (Tuesday) against Sam Zell, the real estate mogul who engineered the $11.7 billion leveraged buyout of Tribune in April 2007, the New York Post reported today. The newspaper said that lawyers for the lenders will accuse Zell, who put […]

LENDERS GIVE MGM ANOTHER REPRIEVE

September 16, 2010 by · Leave a Comment 

Talk about “forbearance!” For the seventh time, MGM lenders on Wednesday agreed to allow MGM to put off interest and principal payments until Oct. 29 while Spyglass Entertainment and its backers finalize plans to take over the historic studio that has fallen on hard times. Those plans include converting debt into equity and Spyglass co-chairmen […]