Entertainment Trends

Cinemark Raising $250 Million in Debt Offering Amid Virus Crisis

  • 📰 THR
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Entertainment Entertainment Headlines News

Entertainment Entertainment Latest News,Entertainment Entertainment Headlines

Movie theater giant Cinemark Holdings has gone to the debt market to raise $250 million in fresh cash amid the coronavirus pandemic. More details:

Cinema theater chain Cinemark Holdings has gone to the debt market for fresh cash amid the novel coronavirus pandemic.

Cinemark said it intends to use the proceeds of the debt offering "for general corporate purposes, including further increasing its liquidity." The senior notes, which are exempt from U.S. securities registration as they are aimed at international buyers, will be secured by a first-priority lien on certain leasehold property interests.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

With this crisis they should bring back the drive-in.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in ENTERTAİNMENT

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European Theater Owners Look for Digital Lifeline Amid Virus CrisisWhile the U.K.'s Curzon enjoys record views on its beefed-up Curzon Home Cinema streaming platform, other operators across Europe are turning to VOD to keep business flowing during the lockdown.
Source: THR - 🏆 411. / 53 Read more »