September 09, 2022
A Texas bankruptcy judge on Friday authorized bankrupt movie theater chain Cineworld to access part of a proposed $1.9 billion Chapter 11 loan, but balked at the company's request to use $1 billion of that loan to repay prepetition borrowings on the first day of the case.
September 08, 2022
Cineworld Group PLC, the world's second-largest movie theater chain, filed for Chapter 11 protection in a Texas bankruptcy court Wednesday saying it was seeking a debt-for-equity swap after the COVID-19 pandemic fatally wounded the business.
September 07, 2022
Cineworld, the world's second-largest movie theater chain, filed for Chapter 11 protection in a Texas bankruptcy court Wednesday in an attempt to trade some of its more than $5 billion in funded debt for equity.