Cineworld agrees $250m debt facility with private investors

Cineworld said it had secured a new $250m debt facility to bolster its balance sheet as cinemas started to re-open around the world after Covid-19 lockdowns.

The loan was arranged with private investors and has a maturity of 2023. Cineworld in May agreed covenant amendments and a $110m revolving credit facility increase.

“With the easing of lockdown restrictions in key jurisdictions, Cineworld is excited to welcome customers back to cinemas and enjoy the best place to watch a movie,” the company said on Monday.