closures of its cinemas due to the coronavirus pandemic.The chain temporarily suspended its operations in the UK and US last month, shutting down all its theatres in the two countries and putting thousands of jobs at risk.However, a new financial agreement has been confirmed, meaning that the company has enough money to make it through 2021, pending on cinemas reopening by May (via The Guardian).The measures agreed with lenders include a £338 million debt facility, as well as a waiver on all covenants on payment of its debt until June 2022.
Additionally, it will allow an extension to 2024 on its £83 million revolving credit facility, and will get a tax refund of £150 million by accelerating the closing of its US tax year.The company has.
Read more on nme.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.