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Lions Gate gets credit agreement

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From Times Staff and Wire Reports

Lions Gate Entertainment Corp., distributor of the Tyler Perry comedies and the “Saw” horror movies, said it had arranged a five-year, $340-million revolving credit facility with JPMorgan and Wachovia Bank that can be increased to $500 million.

Lions Gate said the liquidity would enable it to “take advantage of potential strategic opportunities that may arise.”

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