Official press release from MGM confirms plan approved by vote

MGM has issued an official press release confirming that debt-owners supported the plan voted on yesterday (Friday 29th October) to swap their debt for equity after the company emerges from pre-packaged bankruptcy.

Press Release
Metro-Goldwyn-Mayer Inc. (�MGM�) today announced that the secured lenders voting in the Company�s solicitation process have overwhelmingly approved its proposed plan of reorganization (�Plan�).

MGM will now move expeditiously to implement that Plan, which will dramatically reduce its debt load and put the Company in a strong position to execute its business strategy. MGM is appreciative of the lenders� support.

Thanks to `Samuel 001` for the alert.

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