Brief: Kinepolis Secures 3-Year Bank Credit Of EUR 80 Million

Kinepolis NV

11/01/2021 16:47

Jan 11 (Reuters) - Kinepolis Group NV  KIPO.BR :
    * REG-KINEPOLIS SECURES 3-YEAR BANK CREDIT OF EUR 80 MILLION
    * GROUP STILL HAS SUFFICIENT FINANCIAL FUNDS TO BRIDGE A
PERIOD OF
MORE THAN 10 MONTHS OF CLOSURE OF ALL ITS CINEMAS
    * BANKS ALSO EXTENDED SUSPENSION OF CREDIT COVENANTS
('COVENANT
HOLIDAY') UNTIL 30 JUNE 2022
    * COVENANTS ARE LINKED SOLELY TO BANK CREDIT FACILITIES
VALUED AT
EUR 220 MILLION

Source text for Eikon:  ID:nGNE7ZG7xc 
Further company coverage:  KIPO.BR 

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