High debt16 Aug 2022 15:12
Researching Cine. What is the value of payments they plan to delay to former regal entertainment shareholders.
The business has sizeable borrowings — its net debt in 2021 had risen to $5.04bn — and it is still caught up in legal action surrounding its abandoned acquisition of Canadian chain Cineplex. 4 May 2022
Cineworld Group (LSE: CINE) shares have slumped in value as fears over its debt levels have grown. And on Wednesday, the company announced plans to delay making payments to former Regal Entertainment shareholders.4 May 2022