Nancy Tartaglione International Box Office Editor/Senior ContributorAs Regal Entertainment owner Cineworld prepares to re-open its movie theaters, the group has agreed a $250M secured debt facility with a set of private institutional investors.
The new facility reaches maturity in 2023 and follows covenant amendments and a revolving credit facility increase of $110M set at the end of last month.Under that earlier deal, Cineworld said lenders had agreed to waive the leverage covenant for its credit facility for a June test date and given it added flexibility going forward for December.
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