Thu 08/25/2022 12:33 PM
Relevant Document:Convening Hearing Skeleton Argument
U.K. cinema chain operator Vue is currently pursuing three separate processes to:
i) allow it to incur £75 million in additional super senior facility;
ii) Wipe out £165 million of second lien debt and equitize £225 million of senior debt; and
iii) Manage a €130 million unsecured arbitration liability.
The restrictions imposed due to Covid-19 have had a significant impact on the cinema industry.
AMC suffered severe financial distress...
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