Bloomberg Law
Sept. 9, 2022, 7:31 AM

Cineworld Gets Approval to Immediately Access Up to About $785m

Leonard Kehnscherper
Leonard Kehnscherper
Bloomberg News

Court has granted the Group immediate access to up to ~$785 million of an about $1.94 billion debtor-in-possession financing facility, Cineworld says in statement.

  • The facility, together with the Group’s available cash reserves and cash provided by operations, is expected to provide sufficient liquidity for Cineworld to meet its ongoing obligations, including post-petition obligations to vendors and suppliers, as well as employee wages, salaries and benefits programs
  • The remainder of the DIP facility will become available upon Court approval on a final basis
  • NOTE: Cineworld Bankruptcy Judge Dangles 20% Yield on Fresh Cash


  • Cineworld Group Plc rose 7.4% to ...

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