Stock Market News

US court approves Cineworld’s restructuring plan

2023.06.29 03:05


© Reuters. FILE PHOTO: A Cineworld in Leicester Square, London, Britain, October 4, 2020. REUTERS/Henry Nicholls/File Photo

(Reuters) – British cinema chain operator Cineworld Group said on Wednesday that a U.S. court had approved its debt restructuring plan.

The company, which filed for Chapter 11 protection in the U.S. last year, said it continued to expect to emerge out of bankruptcy in July.

The proposed restructuring involves the release of about $4.53 billion of the group’s debt, a rights offering to raise gross proceeds of $800 million and the provision of $1.46 billion in new debt financing, Cineworld had said.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 81,934.95 3.08%
ethereum
Ethereum (ETH) $ 1,890.78 3.02%
tether
Tether (USDT) $ 0.999933 0.02%
xrp
XRP (XRP) $ 2.25 5.11%
bnb
BNB (BNB) $ 634.21 1.07%
solana
Solana (SOL) $ 124.21 4.31%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.692935 4.63%
dogecoin
Dogecoin (DOGE) $ 0.165385 5.86%
tron
TRON (TRX) $ 0.228161 3.76%
staked-ether
Lido Staked Ether (STETH) $ 1,888.93 2.93%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 81,687.89 3.16%
the-open-network
Toncoin (TON) $ 3.63 3.86%
leo-token
LEO Token (LEO) $ 9.73 0.73%
chainlink
Chainlink (LINK) $ 13.58 3.99%
usds
USDS (USDS) $ 0.999912 0.02%
stellar
Stellar (XLM) $ 0.269204 2.65%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,259.84 3.14%
pi-network
Pi Network (PI) $ 1.13 15.62%
hedera-hashgraph
Hedera (HBAR) $ 0.184846 4.91%
avalanche-2
Avalanche (AVAX) $ 18.46 2.80%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 5.78%
sui
Sui (SUI) $ 2.26 4.65%
mantra-dao
MANTRA (OM) $ 6.92 0.74%
litecoin
Litecoin (LTC) $ 88.22 5.97%
bitcoin-cash
Bitcoin Cash (BCH) $ 331.48 3.02%
polkadot
Polkadot (DOT) $ 4.33 2.14%
bitget-token
Bitget Token (BGB) $ 4.57 2.99%
ethena-usde
Ethena USDe (USDE) $ 0.999477 0.04%
weth
WETH (WETH) $ 1,890.63 3.01%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.03%
hyperliquid
Hyperliquid (HYPE) $ 13.42 1.32%
whitebit
WhiteBIT Coin (WBT) $ 28.20 1.09%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,008.36 2.99%
monero
Monero (XMR) $ 206.16 2.59%
uniswap
Uniswap (UNI) $ 6.17 3.14%
susds
sUSDS (SUSDS) $ 1.05 0.12%
dai
Dai (DAI) $ 0.99977 0.04%
aptos
Aptos (APT) $ 5.26 2.98%
okb
OKB (OKB) $ 50.46 0.18%
near
NEAR Protocol (NEAR) $ 2.53 5.68%
pepe
Pepe (PEPE) $ 0.000007 9.34%
mantle
Mantle (MNT) $ 0.805774 2.57%
internet-computer
Internet Computer (ICP) $ 5.67 5.61%
gatechain-token
Gate (GT) $ 21.59 1.77%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.90 0.13%
ethereum-classic
Ethereum Classic (ETC) $ 17.36 3.79%
ondo-finance
Ondo (ONDO) $ 0.81622 7.41%
aave
Aave (AAVE) $ 167.27 5.12%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 81,852.93 3.16%