Fri 04/30/2021 11:56 AM
In a meeting yesterday with lenders, Cineworld noted the need to find solutions to deal with potential litigation claims against the company, including additional flexibility under its $450 million superpriority delayed draw term loan due May 2024 to use proceeds to pay damages or reach a settlement for existing lawsuits that the company may not be able to win on their own merits, according to sources.
The company is currently dealing with two lawsuits that
relate to its acquisition of Regal...
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