Michael Jackson is pleased to announce that he has restructured his finances
with the assistance of Sony Corporation of America, the long time co-owner
of Sony/ATV Music Publishing LLC. Following negotiations with several
leading financial institutions, Mr. Jackson has concluded refinancing with
affiliates of Fortress Investment Group, the lender that currently holds
secured debts that were previously held by Bank of America. Citigroup
structured the transaction for the parties. The terms of this new financing
deal will not be disclosed.

Mr. Jackson was supported on the refinancing by an advisory team that
included Bahrain-based financial advisor Ahmed Al Khan and Qays H. Zubi
Attorneys & Legal Consultants.

Source: Yahoo!