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) $ 98,463.38 0.04%
ethereum
Ethereum (ETH) $ 3,363.47 0.77%
tether
Tether (USDT) $ 1.00 0.00%
solana
Solana (SOL) $ 258.25 0.10%
bnb
BNB (BNB) $ 666.21 6.01%
xrp
XRP (XRP) $ 1.53 10.03%
dogecoin
Dogecoin (DOGE) $ 0.470387 21.55%
usd-coin
USDC (USDC) $ 0.999616 0.03%
cardano
Cardano (ADA) $ 1.08 25.31%
staked-ether
Lido Staked Ether (STETH) $ 3,363.13 0.75%
tron
TRON (TRX) $ 0.214747 8.22%
avalanche-2
Avalanche (AVAX) $ 42.35 15.39%
shiba-inu
Shiba Inu (SHIB) $ 0.000027 10.85%
the-open-network
Toncoin (TON) $ 5.69 3.75%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,990.31 0.24%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,204.31 0.43%
stellar
Stellar (XLM) $ 0.434973 53.10%
polkadot
Polkadot (DOT) $ 7.66 26.54%
chainlink
Chainlink (LINK) $ 16.82 10.71%
bitcoin-cash
Bitcoin Cash (BCH) $ 533.02 9.77%
sui
Sui (SUI) $ 3.60 1.77%
weth
WETH (WETH) $ 3,362.53 0.66%
pepe
Pepe (PEPE) $ 0.000022 6.03%
leo-token
LEO Token (LEO) $ 8.57 1.37%
litecoin
Litecoin (LTC) $ 102.35 13.74%
near
NEAR Protocol (NEAR) $ 6.19 9.58%
aptos
Aptos (APT) $ 12.60 6.25%
uniswap
Uniswap (UNI) $ 10.56 12.30%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,541.62 0.67%
hedera-hashgraph
Hedera (HBAR) $ 0.14749 7.84%
internet-computer
Internet Computer (ICP) $ 11.03 14.47%
usds
USDS (USDS) $ 0.998488 0.29%
crypto-com-chain
Cronos (CRO) $ 0.190608 1.23%
ethereum-classic
Ethereum Classic (ETC) $ 29.45 5.70%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.540705 17.70%
render-token
Render (RENDER) $ 7.85 7.98%
kaspa
Kaspa (KAS) $ 0.158385 5.65%
bittensor
Bittensor (TAO) $ 527.45 5.97%
bonk
Bonk (BONK) $ 0.000051 0.69%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
whitebit
WhiteBIT Coin (WBT) $ 24.59 0.75%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.34 6.50%
vechain
VeChain (VET) $ 0.043211 32.40%
dogwifcoin
dogwifhat (WIF) $ 3.45 5.21%
mantra-dao
MANTRA (OM) $ 3.81 2.49%
dai
Dai (DAI) $ 0.999604 0.02%
arbitrum
Arbitrum (ARB) $ 0.829222 6.03%
blockstack
Stacks (STX) $ 2.07 7.65%
filecoin
Filecoin (FIL) $ 5.17 12.57%
cosmos
Cosmos Hub (ATOM) $ 7.91 18.52%