Wow breaking news £1 open22 Jun 2020 08:22
Additional liquidity secured
Cineworld is pleased to announce that the Group has agreed with a group of private institutional investors the terms of a new $250m secured debt facility with a maturity of 2023. This, together with the covenant amendments and revolving credit facility increase of $110m announced on 28 May 2020, further strengthens the Group's balance sheet as cinemas begin to re-open around the world.
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.