Cineworld raises more cash after first ever annual loss

Cineworld said on Thursday it has secured commitments for a new $213 million convertible bond to safeguard itself from a further hit due to the coronavirus pandemic as it posted its first ever annual loss as a listed company.

Even as the Regal owner prepares to reopen its U.S. movie theatres next month armed with a recently-agreed exclusivity deal with Warner Bros, it said material uncertainty around its ability to continue as a going concern remained.

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