Cineworld Lenders Hire Legal Counsel Amid Potential Rights Offer

A group of minority lenders to Cineworld Group Plc retained Glenn Agre Bergman & Fuentes as legal counsel, according to people familiar with the situation.

They are looking to protect their rights in anticipation of a potentially dilutive rights offering other key lenders are mulling in an effort to help the theater chain operator exit Chapter 11 protection, said the people, who asked not to be identified because the matter is private.

Some of the company’s creditors have discussed a share sale that could raise $800 million — open only to existing lenders — for Cineworld as part of a ...