Cineworld raises new cash and gains covenant waiver

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Cineworld raises new cash and gains covenant waiver

Cineworld_Alamy_230x150_16Dec19

Cineworld announced on Thursday that it had raised on extra $110m of liquidity by extending its revolve. Its lenders also agreed to waive the covenant test for the end of June. The company also plans to tap government lending schemes in the UK and US.

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