Aug 17, 2022
Cineworld considers capital restructuring to save indebted chain
Cineworld is considering a major capital restructuring to save the highly-indebted cinema chain, as it warned of sluggish ticket sales owing to a lack of blockbuster movies. Cineworld is appealing against the court-awarded damages but several lenders told the FT at the time they expected the two companies to strike a deal. Cineworld operates 751 sites across 10 countries worldwide. The company owns the US-based Regal cinema chain, along with Cineworld and Picturehouse in the UK and several other brands in eastern Europe. Another bank analyst, who asked not to be named, said rival Vue's recent restructuring may "Provide a playbook" for Cineworld.
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