ENTERTAINMENT
From Times Staff and Wire Reports
Cannon Pictures Restructures Debt: The film company said it arranged for a secured loan of up to $15 million from a group of banks led by ING Bank in Amsterdam, adding that it has restructured its debts with the French bank Credit Lyonnais. Cannon said the new funds are to be used for the release of five unreleased films this year. Separately, Cannon reported a profit of $1.3 million in the first nine months of 1992.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
