Regal Owner Cineworld Gets $250 Million Liquidity Boost
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hollywoodreporter.comRegal owner Cineworld, the second-largest cinema chain in the world behind AMC Theatres, has further boosted its liquidity as it gears up for a reopening of its movie theaters next month.
Early on Monday, Cineworld, the largest operator in the U.K., where is also owns the Picturehouse cinema chain, said ithas agreed with a group of private institutional investors on the terms of a new $250 million secured debt facility that matures in 2023. "This, together with the [debt] covenant amendments and revolving credit facility increase of $110 million announced on May 28, further strengthens the group’s balance sheet as cinemas begin to re-open around the world," the exhibition giant said. "With the easing of lockdown restrictions in key.
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