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INTERNATIONAL MOVIE GROUP REPORTS COMPLETION OF DEBT RESTRUCTURING

 LOS ANGELES, June 30 /PRNewswire/ -- International Movie Group (AMEX: IMV) today reported that it has successfully restructured its 7.5 percent Subordinated Convertible Debentures which now mature on May 1, 1996.
 In addition to the extension of the maturing date, the terms of the restructuring include an increase in the interest rate, a reduction in the IMV common stock conversion price, and required periodic principal reduction payments scheduled over the remaining three-year term of the debentures.
 Headquartered in Los Angeles, International Movie Group, through its wholly owned subsidiary, The Movie Group Inc., specializes in the distribution of English language motion pictures to some 52 countries. The company has distributed, to date, 35 motion pictures.
 -0- 6/30/93
 /CONTACT: Steve Richards of International Movie Group, 310-556-2830/
 (IMV)


CO: International Movie Group; The Movie Group Inc. ST: California IN: ENT SU: RCN

LS-MF -- LA013 -- 7004 06/30/93 08:45 EDT
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Publication:PR Newswire
Date:Jun 30, 1993
Words:150
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