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CNWGQ / Cineworld submits plan to emerge from Chapter 11 to Texas bankruptcy court

Cineworld Group PLC (LSE:CINE) has submitted its reorganisation plan to the bankruptcy courts in Texas, supported by most of its lenders. Aimed at helping the embattled cinema chain emerge from Chapter 11 bankruptcy proceedings, the proposals were shared earlier this month and will include lenders reducing the debt pile and receiving equity in the reorganised group, though existing shareholders are expected to get nothing. Read More

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Posted: Apr 11 2023, 03:21

Author Name: Proactive Investors

CNWGQ News

By Proactive Investors
April 11, 2023

Cineworld shareholders to be wiped out in restructuring plan

Shareholders in Cineworld, the UK-based cinema operator, will lose all their money when it begins converting debt into equity as part of a restructuri

By Proactive Investors
April 11, 2023

Cineworld submits plan to emerge from Chapter 11 to Texas bankruptcy court

Cineworld Group PLC (LSE:CINE) has submitted its reorganisation plan to the bankruptcy courts in Texas, supported by most of its lenders. Aimed at

By Yahoo Finance
April 3, 2023

Cineworld stock sinks, unveils restructuring agreement with lenders

Yahoo Finance Live's Jared Blikre breaks down the decline in stock for Cineworld.

By Forbes
April 3, 2023

Cineworld Shares Sink As It Plots $2.3bn Restructuring Following Asset Sale Failure

Cineworld's share price has slumped by more than a quarter on Monday.

By Proactive Investors
April 3, 2023

Cineworld falls after failing to find a buyer for US and UK arms

Cineworld Group PLC (LSE:CINE) shares tumbled over 20% after the ailing cinema chain has announced a debt restructuring package with its biggest lende

By Proactive Investors
March 29, 2023

Cineworld receives no bids UK and US chains

Cineworld Group PLC (LSE:CINE) has “several” interested parties eyeing its business outside the UK, but no bids for the whole business or its Reg

By Deadline
March 28, 2023

Regal Parent Cineworld Expects Bids For Theaters Outside US/UK, Says Plan To Exit Chapter 11 Nearly Ready

An attorney for bankrupt movie theater chain Cineworld said today it has “several” interested parties eyeing its business in “rest of world” �

By Invezz
March 27, 2023

Elliott and CVC bid for parts of Cineworld Group plc

Cineworld Group plc (LON: CINE) is in focus on Monday following reports that Elliott Management is interested in taking over the struggling cinema cha

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