Published on 3 Apr 2023 on Reuters via Yahoo Finance
Cineworld looks to raise $2.26 billion to emerge from bankruptcy - filing
(Reuters) - Cineworld Group Plc is planning to raise $2.26 billion, according to a court filing on Sunday, as the theater chain aims to emerge from Chapter 11 bankruptcy in the first half of 2023.
The fundraising will consist of a first lien senior secured debt credit facility of $1.46 billion and issuance of new common stock for an aggregate purchase price of $800 million, according the filing with the U.S. bankruptcy court in the Southern District of Texas.