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Regal Cinemas to Reopen Former Arclight Theater in Pasadena

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restructuring plan in bankruptcy court to allow it to exit Chapter 11 status by this June. As part of the bankruptcy proceedings, Regal was required to close nearly 40 of its locations, including the Galleria location; but the plan, if approved by a Texas judge, will wipe $4.5 billion in debt off the company’s books and raise $2.26 billion in capital..

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