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Icahn Cautions on Lionsgate

Mar 31, 2009  •  Post A Comment

Carl Icahn questioned in a regulatory filing whether Lionsgate has enough liquidity to meet its obligations if its revolving credit facility falls into default caused by a change of control, the Los Angeles Times reports. If a shareholder owns more than 20%, the company may need to repay any funds drawn on its credit facility as well as its $325 million in bonds, the newspaper says. It’s unclear from the filing if Icahn intends to increase his stake to more than 20%, and Lionsgate had no comment, the publication says.
—Aimee Picchi

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