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Regal Cineworld Group Secures Refinancing Of $1.9 Billion Loan
Regal Cineworld Group has secured a new $1.9 billion in Term Loan B facility. The new facility is priced at SOFR + 525 bps with a maturity date of Dec. 1, 2031, and replaces the Group’s existing Term Loan B. Related Stories Executives 'Wicked' And 'Gladiator II' Releases In China Show The Country's Hollywood Appetite […]
With the rebound of the global box office, particularly over the Thanksgiving holiday with Moana 2, Wicked and Gladiator II, the theater chain per distribution sources is well positioned going forward. “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. Q3 for Regal was driven by Inside Out 2, Deadpool & Wolverine, Despicable Me 4, Twisters, The Wild Robot, Alien: Romulus, It Ends With Us and Longlegs among many others that contributed to the quarter’s robust box office performance.
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