New World Entertainment said it had revised...

New World Entertainment said it had revised the terms of an offer to exchange $254 million of its debt for new notes, and that the holders of 42.5% of the debt had accepted the revised offer. The Los Angeles firm is now offering $375 in cash for each $1,000 in principal of the old securities. General Electric Capital Corp. has agreed to lend $35 million to fund the deal. New World will repay GECC with the proceeds of any sales of New World assets, “including proceeds from any sale of Marvel Comics.”