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Annie Leibovitz gets help with her debts

  • March 09, 2010 17:53
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Annie Leibovitz. Photo: wikipedia commons

Photographer Annie Leibovitz has turned to a private equity firm to help restructure her enormous debt load. Last summer the celebrity photographer narrowly averted foreclosure after she missed a payment deadline for her $24 million loans owed to Art Capital Group. Her properties and archives were used as collateral for the loan.

Los Angeles-based Colony Capital said it had “formed a new partnership” with Leibovitz.



Read more at Montreal Gazette

Tags: photography
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