Cineworld cinema exterior

Cineworld in talks with lenders and landlords

Under-pressure Cineworld on Tuesday said it is in talks with banks about getting extra overdraft facilities, as it outlined measures to preserve cash. The firm, which had a $3.5 billion (£2.8 billion) debt pile as at December 31, said its entire estate of 787 cinemas in 10 countries has been closed due to the coranavirus crisis. Cineworld said it is “discussing the group’s ongoing liquidity requirements with our RCF​ (revolving credit facility) banks”. Cineworld shares today jumped 14.37p, more than 36%, to 53.98p after it updated on measures to preserve…

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