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BUSINESS
June 18, 1991
Lee Panavision International Inc., which owns the Panavision camera-equipment company in Tarzana, said it reached agreement with its 17-member bank group on a restructuring of its debt. The privately held New York-based company did not release details about the size of the debt or the restructuring terms. However, the debt was largely incurred in 1987-88, when Panavision changed owners twice. In late 1988, a group led by the investment bankers E. M. Warburg, Pincus & Co.
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BUSINESS
June 18, 1991
Lee Panavision International Inc., which owns the Panavision camera-equipment company in Tarzana, said it reached agreement with its 17-member bank group on a restructuring of its debt. The privately held New York-based company did not release details about the size of the debt or the restructuring terms. However, the debt was largely incurred in 1987-88, when Panavision changed owners twice. In late 1988, a group led by the investment bankers E. M. Warburg, Pincus & Co.
BUSINESS
November 20, 1988 | BARRY STAVRO, Times Staff Writer
When a cricket batsman swings and misses, according to British slang, "he is bowled out." Two English brothers, John and Benny Lee, have recently learned the American version of that phrase. A year ago, the Lee brothers paid $148 million to buy Panavision, the Tarzana company that is the leading supplier of 35-millimeter cameras and accessories to the American film and TV industry. With that stroke, the Lees planned to make themselves a big name in the American movie equipment market.
BUSINESS
November 15, 1988 | BARRY STAVRO, Times Staff Writer
When a cricket batsman swings and misses, according to British slang, "he is bowled out." Two English brothers, John and Benny Lee, have recently learned the American version of that phrase. A year ago, the Lee brothers paid $148 million to buy Panavision, the Tarzana company that is the leading supplier of 35-millimeter cameras and accessories to the American film and TV industry. With that stroke, the Lees planned to make themselves a big name in the American movie equipment market.
BUSINESS
August 30, 1988 | BARRY STAVRO, Times Staff Writer
Last Oct. 13, former film lighting electricians John and Benny Lee seemed to be on top of the world. The British brothers had just bought Panavision, the Tarzana company that supplies 35-millimeter cameras and accessories to cinematographers in the movie and TV industry. That same day, the Lees bought out the public shareholders of Lee International, their London entertainment services conglomerate. The two deals cost $327 million.
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