Naman Ramachandran The Vue cinema chain is on the verge of securing an additional £100 million ($131.2 million) in debt financing, in order to stave off the impact of the coronavirus crisis, according to a report by Sky News.Variety reached out to Vue for confirmation, but the company declined to comment.In June 2019, Vue successfully refinanced its debt worth £813 million ($1.06 billion) that will now mature in 2026.
The company had also then secured £65 million ($85 million) in revolving credit.Vue is the third largest cinema chain in the lucrative U.K.
and Ireland theatrical market with 870 screens across 91 sites. It is one of the largest multiplex groups in the world, operating 2,400 screens across 280 sites in 10 countries.
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