- As expected, Regal Cinemas’ parent company Cineworld filed for bankruptcy. With that announcement, the company received $1.9B debtor-in-possession financing from existing lenders “which will help ensure Cineworld’s operations continue in the ordinary." However, the release also read, “as part of its restructuring process, Cineworld expects to pursue a real estate optimization strategy in the U.S. and intends to engage in collaborative discussions with U.S. landlords to improve cinema lease terms in an effort to further position the group for long-term growth. AlixPartners is its restructuring advisor.”
