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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.