Cineworld Secures $250 Million Loan to Finance Restructuring Plan

To finance the restructuring plan approved by the responsible insolvency court in Houston at the end of June, which essentially provides for a reduction of the total debt burden by around 4.5 billion dollars, Cineworld has taken out a new loan with a volume of 250 million dollars. This was announced by the world’s second largest cinema chain, which filed for Chapter 11 bankruptcy in the United States in September last year and also filed for bankruptcy in the UK last month. At the same time, Cineworld announced that it would suspend trading in the stock on the London Stock Exchange.

To finance the restructuring plan approved by the responsible insolvency court in Houston at the end of June, which essentially provides for a reduction of the total debt burden by around 4.5 billion dollars, Cineworld has taken out a new loan with a volume of 250 million dollars. This was announced by the world’s second largest cinema chain, which filed for Chapter 11 bankruptcy in the United States in September last year and also filed for bankruptcy in the UK last month. At the same time, Cineworld announced that it would suspend trading in the stock on the London Stock Exchange.