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
Cineworld Bankruptcy Judge Dangles 20% Yield on Fresh Cash
- Cineworld Group Plc rose 7.4% to ...