As Regal Entertainment owner Cineworld prepares to re-open its movie theaters, the group has agreed a $250M secured debt facility with a set of private institutional investors. The new facility reaches maturity in 2023 and follows covenant amendments and a revolving credit facility increase of $110M set at the end of last month. Under that
Regal Entertainment
Regal Entertainment owner Cineworld Group has confirmed it will re-open cinemas in some of its markets during the last week of June, with all theaters expected to be back online during the course of July. Cineworld chief Mooky Greidinger had previously told Deadline he expected a late June/early July start back to operations, while the
EXCLUSIVE: Following yesterday’s flurry of dramatic exchanges involving AMC, the National Association of Theatre Owners and Universal, Regal Entertainment owner Cineworld Group has now added its voice to the chorus of windows controversy surrounding Trolls World Tour. The world’s second biggest circuit says its policy with respect to the window “is clear, well known in
Regal Entertainment owner Cineworld Group reported solid preliminary results for the full year ended December 31, 2019 this morning in London. But focus was primarily on the potential impact from the coronavirus on the world’s second largest exhibitor. So far it has been “minimal,” but the “uncertainty of the future” has seen an “unlikely” downside
Regal Entertainment owner Cineworld has reported a revenue decrease of 11.1% for the first six months of 2019, to $2.15B from $2.42B in the comparable period last year. The dip at the world’s second-largest exhibition chain was anticipated, it said, due to the timing of major film releases versus the first half of 2018. Encouraged