Regal Cinemas Owner Cineworld Secures $250 Million Debt Facility

variety.com:

Naman Ramachandran The U.K.-based Cineworld multiplex group has agreed with a group of private institutional investors terms for a new $250 million secured debt facility that matures in 2023.

This is in addition to the credit facility increase of $110 million announced in May.The new debt and credit facilities will help the group tackle some of the losses incurred from cinemas around the globe shuttering from March due to the coronavirus pandemic.“With the easing of lockdown restrictions in key jurisdictions, Cineworld is excited to welcome customers back to cinemas and enjoy the best place to watch a movie,” the company said in a statement.Last week the group announced that cinemas in several territories across the world would begin.