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Weinsteins Get Their Debt Wiped!

Filed under: Film FlickersBusiness Blitz

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Well good for them!

The Weinstein Company has reached a full restructuring agreement in which insurance company Ambac will pay off $115 million of their debt to Goldman Sachs and Assured Guaranty.

They had to give up 200 of their 350 films to do so, but at least the debt is gone!

Just like that!

[Image via WENN.]

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