COMPANY TOWN ANNEX

Metro-Goldwyn-Mayer Gets Additional Credit: The Santa Monica-based studio, which is struggling to turn around, has expanded its available credit by $100 million through U.S., European and Japanese financial institutions. The credit facility was arranged by Chemical Securities, part of Chemical Banking, and will help fund film and television production. MGM, which French bank Credit Lyonnais seized from former owner Giancarlo Parretti in 1992 when Parretti defaulted on loans, has 17 films in production and is planning to produce three TV shows for the 1995-96 season. Some of the other banks participating in the credit include Bank of America, First National Bank of Boston, Bank of New York, Wells Fargo Bank, First Union Bank and Sumitomo Trust & Banking.