Brief: Cineplex Announces Proposal To Amend Its Convertible Debentures As Part Of A Comprehensive Refinancing Plan

Cineplex

08/02/2024 11:41

Feb 8 (Reuters) - Cineplex Inc  CGX.TO :
    * CINEPLEX ANNOUNCES PROPOSAL TO AMEND ITS CONVERTIBLE
DEBENTURES
AS PART OF A COMPREHENSIVE REFINANCING PLAN
    * CINEPLEX INC: PLAN INCLUDES REPAYING IN FULL EXISTING
SENIOR
REVOLVING CREDIT FACILITY
    * CINEPLEX INC: PLAN INCLUDES REPLACING EXISTING SENIOR
REVOLVING
CREDIT FACILITY WITH A NEW $100 MILLION SENIOR SECURED CREDIT
FACILITY
    * CINEPLEX INC - CONDUCTING A PRIVATE PLACEMENT OF NEW
SENIOR
SECURED NOTES WITH A TARGET SIZE OF $550MLN AND A TERM TO
MATURITY OF AT LEAST FIVE YEARS
    * CINEPLEX INC: "REMAIN CONFIDENT IN LONG-TERM FUNDAMENTALS
OF
THEATRICAL EXHIBITION AND ALL OTHER BUSINESSES WE OPERATE"

Source text for Eikon:  ID:nCNWWq7mqa 
Further company coverage:  CGX.TO