MCEG Gets Financing: Management Co. Entertainment Group...

MCEG Gets Financing: Management Co. Entertainment Group of Santa Monica said it had reached an agreement in principle with Kidder Peabody Group to convert MCEG’s $72.5-million bridge loan to a “multiyear financing arrangement at a reduced rate of interest.” The short-term bridge loan, which had come due and was extended to April 27, was related to MCEG’s acquisition last year of Virgin Vision for $83 million.