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CNNWQ / Cineworld falls after getting green light for US chapter 11 plan

Cineworld falls after getting green light for US chapter 11 plan
Cineworld Group PLC (LSE:CINE) shares dropped 16% in early trading after its third amended joint chapter 11 plan of reorganisation US bankruptcy court in Houston, Texas.  This "paves the way", the Anglo-US cinema group said, for it to implement its restructuring transaction plans, which include the release of around US$4.5bn of the debt, a fully backstopped rights issue to raise gross US$800mln and US$1.46bn in new debt financing. Read More
Posted: Jun 29 2023, 04:19
Author Name: Proactive Investors
Views: 111055

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Cineworld lenders take control as it emerges from bankruptcy

By Proactive Investors
August 1, 2023

Cineworld lenders take control as it emerges from bankruptcy

Cineworld Group PLC (LSE:CINE), the cinema operator, suspended its shares on the London stock exchange after its plans to exit Chapter 11 bankruptcy w more_horizontal

Cineworld emerges from Chapter 11 bankruptcy

By Reuters
August 1, 2023

Cineworld emerges from Chapter 11 bankruptcy

Cineworld Group said it has emerged from Chapter 11 bankruptcy after nearly 11 months, coming out with lower debt and a new slate of management and bo more_horizontal

Ann Sarnoff Joins Cineworld Board As Regal Parent Emerges From Bankruptcy

By Deadline
July 31, 2023

Ann Sarnoff Joins Cineworld Board As Regal Parent Emerges From Bankruptcy

Regal parent Cineworld has officially emerged from bankruptcy, unveiling five new board members and a strengthened balance sheet. The chain, which was more_horizontal

Cineworld rallies as Barbenheimer drives huge box office weekend

By Proactive Investors
July 24, 2023

Cineworld rallies as Barbenheimer drives huge box office weekend

Shares in Cineworld Group PLC (LSE:CINE) investors lifted by around 10% over the last five days as hordes of moviegoers headed to the big screen to wa more_horizontal

Cineworld falls after getting green light for US chapter 11 plan

By Proactive Investors
June 29, 2023

Cineworld falls after getting green light for US chapter 11 plan

Cineworld Group PLC (LSE:CINE) shares dropped 16% in early trading after its third amended joint chapter 11 plan of reorganisation US bankruptcy cour more_horizontal

Cineworld to file for administration in the United Kingdom

By Invezz
June 26, 2023

Cineworld to file for administration in the United Kingdom

Cineworld Group plc (LON: CINE) plans on filing for administration in the United Kingdom as part of a proposed restructuring plan. Cineworld stock wil more_horizontal

Cineworld set to appoint administrator in UK

By Proactive Investors
June 26, 2023

Cineworld set to appoint administrator in UK

Cineworld Group PLC (LSE:CINE) has announced plans to place itself into administration in the UK as it moves closer to exiting Chapter 11. The process more_horizontal

Cineworld bosses secure near $35 million exit payout, Financial Times reports

By Reuters
June 16, 2023

Cineworld bosses secure near $35 million exit payout, Financial Times reports

Britain's Cineworld's CEO Mooky Greidinger and his management team have bagged a combined payout approaching $35 million from the company's lenders to more_horizontal


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