Regal Owner Cineworld Gets $250 Million Liquidity Boost
Regal owner Cineworld, the second-largest cinema chain in the world behind AMC Theatres, has further boosted its liquidity as it gears up for a reopening of its movie theaters next month. Early on Monday, Cineworld, the largest operator in the U.K., where is also owns the Picturehouse cinema chain, said ithas agreed with a group of private institutional investors on the terms of a new $250 million secured debt facility that matures in 2023.