RE: Guardian article21 Mar 2021 10:25
hsn,
They don't have a "lifeline to May", another poorly written piece by the Media.
Cineworld and lenders planned for several scenarios and they reached a "base case scenario of opening no later than May" In that scenario or any scenario opening prior to end of may they have stated they expect to have enough cash to operate throughout the year. If they were to open after May, they still expect to have enough to operate, but "may require flexibility/help" from current lenders. (I assume that is on allowing further use of RCF and such).