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Regal Cinemas Refinances Debt With New $1.9 Billion Loan
Regal Cinemas, one of the world's largest movie theater chains, has secured new financing to restructure a portion of its debt.
“In Q3, Regal Cineworld welcomed over 49 million guests to our theatres and generated total revenue of over $1 billion dollars with record-high levels of spend per person on concessions. Barclays, Deutsche Bank, JP Morgan, Wells Fargo, Goldman Sachs and Texas Capital served as arrangers and bookrunners for the loan. Cineworld, the parent company of Regal Cinemas, filed for bankruptcy in September 2022 as global theater chains were struggling to rebound from prolonged COVID-related closures and a lack of new releases.
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