BRITAIN’S CINEWORLD PREPARE ITSELF TO REOPEN SOON AFTER SECURING DEBT

Highlights –

• Cineworld has secured a debt facility of $250 million to reopen theatres.
• It has secured debt from private institutional investors.
• Currently, Cineworld has debt piled up to almost $3.5 billion.
• It also secured debt from the UK’s credit borrowing scheme in May.

Coronavirus has led to a decline in the demand amongst movie theatre-goers....