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IEG's credit line with Chase raised to $135m

Chase Manhattan Bank has increased its revolving credit line to Graham King's LA-based independent Initial Entertainment Group to $135m according to a statement released yesterday by John Miller, managing director of Chase Manhattan, and Colin Cotter, IEG's COO.The relationship between the bank and IEG began in 1997 when the two year-old IEG secured a credit line of $21m.The credit line increase comes in the same month that IEG's biggest project to date - Martin Scorsese's ...

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