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Sep 20, 2024 · Cineworld creditors have approved a controversial restructuring plan to slash or cancel rents in a bid to save the cash-strapped cinema chain’s UK business, which entered administration last ...
Sep 30, 2024 · Four companies which form part of troubled cinema operator Cineworld have had restructuring plans approved by a High Court judge, staving off the threat of administration. Cine-UK Ltd, Cineworld ...
Sep 30, 2024 · The English Court today approved the restructuring plans of four UK companies in the Cineworld Group, binding dissenting landlord classes. The Court approved the plans in full, notwithstanding a last-minute challenge by certain landlords (the Opposing Landlords) with whom Cineworld had previously negotiated rent reductions.
Oct 1, 2024 · However, five locations—Glasgow Parkhead, Bedford, Loughborough, Yate, and Swindon Regent Circus—are still confirmed to close, while Cineworld Hinckley, initially on the closure list, will remain operational. Cineworld has received High Court approval for its restructuring plans, securing £16 million in funding, renegotiating leases, and ...
Oct 1, 2024 · The section 26A restructuring plan will see Cineworld UK receive £16m of equity funding from its US parent to fund its immediate liquidity needs, with further funding of £35m now expected to be ...
Sep 26, 2024 · A unit of the £4 billion ($5.4 billion) listed property firm Tritax Big Box REIT Plc and the Crown Estate challenged the cinema chain’s restructuring in a London court on Thursday. Both Tritax and the Crown Estate are landlords of some of Cineworld’s 100 or so UK cinemas. The challenge centers on agreements that Cineworld struck with the ...
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Jul 27, 2024 · Cineworld has announced plans to close six cinemas across the UK as part of a wide-ranging restructuring plan. ... the organisation said in 2022 that it expected its admission for 2023 and 2024 to ...
