Following the opening of all their cinemas in June 2021, Regal Cinemas owner Cineworld has revealed that it has secured $200 million of incremental loans maturing in May 2024 from a group of its existing lenders.
“The New Debt Facility does not have a material impact on the group’s weighted average cost of debt,” the giant cinema chain said.
The group has also agreed covenant amendments on some of its existing debt facilities, including reducing the minimum liquidity requirement and relaxing limitations on the use of cash, among other modifications which will further support the group as cinemas restart trading.
“Cineworld believes that this further liquidity, in
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