The loans come as the group promises an “unprecedented” slate of film releases
Cineworld has secured $200m of incremental loans, maturing in May 2024, from a group of its existing lenders since the reopening of all of its cinemas in June 2021, the company announced today.
It is a move that aims to reassure investors and stakeholders following the disastrous pandemic period for the exhibitor. The cinema chain has also agreed covenant amendments on certain of its existing debt facilities, including reducing the minimum liquidity requirement and relaxing limitations on the use of cash.
“The additional liquidity announced today provides the Group...
Cineworld has secured $200m of incremental loans, maturing in May 2024, from a group of its existing lenders since the reopening of all of its cinemas in June 2021, the company announced today.
It is a move that aims to reassure investors and stakeholders following the disastrous pandemic period for the exhibitor. The cinema chain has also agreed covenant amendments on certain of its existing debt facilities, including reducing the minimum liquidity requirement and relaxing limitations on the use of cash.
“The additional liquidity announced today provides the Group...
- 7/30/2021
- by Mona Tabbara
- ScreenDaily
Similar News
As The Box Office Battles Back, Is No. 1 Circuit AMC About To Buckle? Don’t Bet Against Adam Aron … At Least Not Yet – CinemaCon
- 4/7/2024
- by Jill Goldsmith, Anthony D'Alessandro and Nancy Tartaglione
- Deadline Film + TV
Disney wins shareholder vote, ending bitter proxy fight
- 4/3/2024
- ScreenDaily
Disney wins board vote, ending bitter proxy fight
- 4/3/2024
- ScreenDaily
Picturehouse, Vue bosses disagree on state of UK exhibition sector at Cms committee
- 4/24/2024
- ScreenDaily
Clare Binns to receive Unic achievement award at CineEurope
- 4/15/2024
- ScreenDaily
‘Kneecap,’ ‘Dìdi’ to Bookend Sundance London (Exclusive)
- 4/4/2024
- by Naman Ramachandran
- Variety Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.