MGM’s $650 Million Financing Positions It for IPO

Metro-Goldwyn-Mayer is in the final stages of landing a $650 million bank financing that will retire its current debt, pay back money it borrowed from Sony and Warner Bros. to make “Skyfall” and “The Hobbit: An Unexpected Journey” and position the studio to move forward with an initial public stock offering, probably by June, sources tell the Hollywood Reporter.