Regal Cinemas Owner Cineworld Expands Liquidity by $750 Million
from December 2020 to May 2024 will keep $111 million with the company for now.Also Read: Movie Theaters Face a Winter of Bankruptcy as More Films Push to 2021Cineworld expects an early tax refund of $200 million.“In light of the severe financial challenges facing the Group arising from the significant disruption to the entire industry, the Board is confident this additional liquidity will preserve and maximise shareholder value over the long term,” Alicja Kornasiewicz, chair of Cineworld Group plc, said in a statement.“The measures we are announcing today deliver over $750m of extra liquidity to support our business,” Cineworld CEO Mooky Greidinger said.