Cineworld Group Seeks Urgent Loan to Avoid Bankruptcy

Register, or to view the article

Regal Entertainment Group, which owns Cineworld Group PLC, is seeking to get financial lifelines from investors as the pandemic takes its toll on the movie industry and theaters remain empty and struggle to survive, according to people familiar with the matter, WSJ reports. One proposal under consideration implies urgent rescue financing to help the Company avoid filing for protection from creditors, some of the people said. Under another proposal, investors would provide a loan to finance an insolvency proceeding, the British equivalent of bankruptcy, they said.

Read more Bankruptcy News