MCEG Financing Extended: The maturity dates on...

MCEG Financing Extended: The maturity dates on $72.5 million in loans to Management Company Entertainment Group Inc. have been extended to July 14 by General Electric Capital Corp. to allow for continuing negotiations over repayment of the funds. GE Capital has agreed in principle to extend additional credit to the troubled company and to relax some restrictions on the existing loan agreement, MCEG reported. The entertainment company also announced a new distribution and broadcast deal with Home Box Office Inc. MCEG expects to realize at least $12 million from eight current films covered under the agreement.