Chemical Leads $100M Expansion of MGM Loan

SANTA MONICA, Calif. - Chemical Banking Corp. is leading an international bank group in expanding the credit facility for Metro- Goldwyn-Mayer Inc. by $100 million, to fund a heavy schedule of television and film production.

MGM said the bank group also includes BankAmerica Corp., Bank of Boston Corp., Bank of New York Co., Wells Fargo & Co., and First Union Corp.

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