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Cineworld agrees $250m debt facility with private investors

Mon, 22nd Jun 2020 07:18

(Sharecast News) - Cineworld said it had secured a new $250m debt facility to bolster its balance sheet as cinemas started to re-open around the world after Covid-19 lockdowns.
The loan was arranged with private investors and has a maturity of 2023. Cineworld in May agreed covenant amendments and a $110m revolving credit facility increase.

"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 on Monday.

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UPDATE 1-'Halloween Kills' to stream on Peacock at same time it plays in theaters

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9 Sep 2021 22:00

'Halloween Kills' to stream on Peacock at same time it plays in theaters

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1 Sep 2021 19:41

UPDATE 2-Tom Cruise films 'Top Gun,' 'Mission: Impossible' delayed amid COVID wave

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1 Sep 2021 19:41

UPDATE 1-Tom Cruise films 'Top Gun,' 'Mission: Impossible' delayed amid COVID wave

(Adds details, background, analyst quote)LOS ANGELES, Sept 1 (Reuters) - Paramount Pictures has delayed the release of Tom Cruise films "Top Gun: Maverick" until May 2022 and "Mission: Impossible 7" until September 2022, a spokesman for the Viacom...

1 Sep 2021 19:09

Tom Cruise films 'Top Gun,' 'Mission: Impossible' delayed amid COVID wave

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12 Aug 2021 09:35

TOP NEWS: Cineworld loss narrows as it considers New York listing

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UPDATE 2-FTSE 100 weighed down by Rio Tinto, Aviva leads gains

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