The exhibitor and its creditors are looking to shop the company for sale or complete a reorganization via a debt-for-equity transaction. By Etan Vlessing Canada Bureau Chief Exhibition giant Cineworld ...
Regal owner Cineworld has entered into a restructuring support agreement and a backstop commitment agreement with lenders that will, if approved, see it emerge from bankruptcy. The exhibition giant ...
Eric Foss is expected to become chairman of the board of NewCo. By Georg Szalai Global Business Editor Cineworld lenders have agreed to appoint Eduardo Acuna as CEO of the newly incorporated parent ...
Cineworld Group — the world’s second largest movie theater chain and owner of Regal Cinemas — said Wednesday that it has filed for Chapter 11 bankruptcy protection. The British company, which owns ...
Regal Cinemas owner Cineworld, which filed for Chapter 11 bankruptcy protection last year, said Friday that it expected shareholders to be wiped out entirely, meaning they should not expect to recover ...
May 2 (Reuters) - Bankrupt movie theater chain Cineworld (CINE.L), opens new tab received U.S. court approval on Tuesday to raise $2.26 billion as part of its exit from bankruptcy, after reaching a ...
Thor: Love And Thunder is one of the biggest movie releases this year Cineworld has confirmed it is considering filing for bankruptcy in the US, as the cinema chain continues to struggle with $5bn ...
“The restructuring of the group, which will be implemented by way of the administration process, will transform the group’s balance sheet and provide it with significant additional liquidity to fund ...
Cineworld has announced plans to close six cinemas across the UK as part of a wide-ranging restructuring plan. Part of the world's second largest cinema chain, the business - which has 101 locations ...
People shelter from the rain under an umbrella outside a cineworld cinema in Leicester Square in central London. (Photo by JUSTIN TALLIS/AFP via Getty Images) Cineworld’s share price has collapsed ...
British exhibition giant Cineworld is closing a total of 11 theaters across the U.K. as part of a completed restructuring plan aimed at stabilizing the chain’s operations heading into 2025. Five ...