Cineworld Regular Owner Receives £ 200 Million Additional Loans

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Cineworld cinema near Manchester, UK, October 4, 2020 REUTERS / Phil Noble / File Photo

July 30 (Reuters) – Cineworld (CINE.L) The theater operator said Friday that the company has secured additional £ 200 million in loans from existing lenders, betting on poor customer demand and a large number of upcoming films that will help its recovery this year.

“The additional liquidity announced today provides the group with significant operational flexibility now that movie theaters have opened around the world,” said CEO Muki Gradinger.

Reporting by Chris Peters in Bangalore; Vinay Dwivedi editing

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