The cinema giant and Regal owner also unveils its other board members.
Shareholders have been wiped out as part of the financial restructuring, with a new, incorporated company controlled by lenders now controlling Cineworld. The movie theater chain and its various parts reduced their indebtedness by approximately $4.
53 billion, raised approximately $800 million in new equity capital, and secured new debt financing worth approximately $1.71 billion. “With this strengthened and recapitalized balance sheet, the group is well-positioned to pursue future strategic initiatives and continue providing leading cinematic experiences for customers globally, including through investments in new screen formats and enhancements to its flagship theaters,” the company said.
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