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Box Office Update: Cineworld Targeting Lease Restructures After Bankruptcy Filing

Thomas Paulson
Sep 9, 2022
Box Office Update: Cineworld Targeting Lease Restructures After Bankruptcy Filing

  • 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.”

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Thomas Paulson

Director of Research and Business Development, Placer.ai

Thomas Paulson spent 20 years as a Wall Street analyst and a member of asset management teams at AllianceBernstein and Cornerstone Capital, representing top-50 ownership positions including Target, Home Depot, Nike, Amazon, Google, and many more.

He brings consumer related expertise and knowledge of enterprises in retail, CPG, financial services, telecom, and entertainment.

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