Brief: National Cinemedia Plan Of Reorganization Confirmed

National CineMedia

27/06/2023 21:53

June 27 (Reuters) - National Cinemedia Inc  NCMI.O :
    * NATIONAL CINEMEDIA LLC - WILL ELIMINATE ITS DEBT THROUGH EQUITIZATION OF
ITS
SECURED DEBT
    * NATIONAL CINEMEDIA PLAN OF REORGANIZATION CONFIRMED
    * NATIONAL CINEMEDIA LLC- EXISTING MANAGEMENT TEAM WILL CONTINUE TO LEAD
SUCCESSFULLY REORGANIZED COMPANY
    * NATIONAL CINEMEDIA LLC- COMPANY IS EXPECTED TO EMERGE FROM CHAPTER 11 ON
OR
AROUND AUGUST OR SEPTEMBER 2023
    * NATIONAL CINEMEDIA- INTENDS TO ENTER INTO ABT $55M EXIT FINANCING
FACILITY,
WHICH WILL BE USED TO FUND OPERATIONS AND GROWTH INITIATIVES

Source text for Eikon:  ID: 
Further company coverage:  NCMI.O 

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