CINEWORLD WKN: A0J2XW ISIN: GB00B15FWH70 Kürzel: CINE Forum: Aktien Thema: Hauptdiskussion

Das Ding wird so durch die Decke schießen. Nicht heute, nicht morgen, vielleicht auch nicht in diesem Jahr, aber es wird.

NS Number : 9117Y Cineworld Group plc 09 September 2022 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES OF AMERICA OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION Cineworld Group plc ("Cineworld") Cineworld Receives Court Approval for "First Day" Relief Obtains approval to immediately access up to approximately $785 million of an approximate $1.94 billion DIP financing facility to, among other things, support ongoing operations Group cinemas remain open globally to guests and members; operations to continue without interruption 9 September 2022-LONDON- Cineworld Group plc and its subsidiaries (the "Group") (LSE: CINE), a leading cinema operator in 10 countries, including the United States and the United Kingdom, with 747 sites and 9,139 screens globally, today announced that Cineworld and certain of its subsidiaries (collectively, the "Group Chapter 11 Companies") have received approval from the United States Bankruptcy Court for the Southern District of Texas (the "Court") for "first day" relief related to its Chapter 11 proceedings filed on September 7, 2022. As part of these motions, the Court today granted the Group immediate access to up to approximately $785 million of an approximate $1.94 billion debtor-in-possession ("DIP") financing facility that, together with the Group's available cash reserves and cash provided by operations, is expected to provide sufficient liquidity for Cineworld to meet its ongoing obligations, including post-petition obligations to vendors and suppliers, as well as employee wages, salaries and benefits programs. The remainder of the DIP facility will become available upon Court approval on a final basis. The Group Chapter 11 Companies intend to pay vendors and suppliers in full and on normal terms for valid amounts for goods and services received during the Chapter 11 process. Employees will also continue to receive their usual wages and benefits without interruption. Cineworld and its brands around the world - including Regal, Cinema City, Picture House and yes Planet - are continuing to welcome moviegoers to cinemas as usual, which will not change during the Chapter 11 cases. The Group will continue to honour the terms of all existing customer membership programs, including Regal Unlimited and Regal Crown Club in the United States and Cineworld Unlimited in the United Kingdom. "Today's approval of our requested 'first day' relief is a positive step forward for the Group and our restructuring efforts," said Mooky Greidinger, Chief Executive Officer of Cineworld. "As we position Cineworld for long-term growth, through this Chapter 11 process and beyond, we remain steadfast in our commitment to providing our guests with the most memorable moviegoing experiences and maintaining our long-standing relationships with our business partners." For more information on the Group Chapter 11 Companies' restructuring, including access to Court documents, please visit https://cases.ra.kroll.com/cineworld or call 844-648-5574 (toll-free in United States/Canada) and +1 845-295-5705 (for tolled international calls).

Die ersten Ansätze des Richters deute ich positiv und mit der Absicht Cine zu retten .

https://www.bloomberg.com/news/articles/2022-09-08/cineworld-bankruptcy-judge-dangles-20-yield-on-fresh-cash

0.051 ek ist doch nice. son paar extra nehm ich gern mit

Wegen Streitereien. Ist zwar nicht so toll aber im Valneva Forum geht es meist jeden Tag ab. Da ist das hier unschön aber immer noch mild. Ich glaube im Val Forum wurden die zuviel geimpft. Nebenwirkungen😁

Ich bin auf die Zeitfenster gespannt was nun wann durchgeführt wird. Unrentable Standorte werden die eh dicht machen was auch gut ist

Habs mal übersetzt…… ist das jetzt gut oder schlecht für uns….. der Googleübersetzer hat nur bedingt seine Pflicht getan… 😂

Gibts ne Kurzform auf deutsch 😁

https://deadline.com/2022/09/lionsgate-michael-burns-cineworld-bankruptcy-hollywood-studios-creditors-1235110728/

https://deadline.com/2022/09/cineworld-regal-cinemas-bankruptcy-1235111953/

A federal judge sent a proposed $1.9 billion financing package for bankrupt Cineworld back to the table for a redo but said he’s committed to approving some kind of cash injection quickly for the Regal Cinemas parent. Cineworld filed for Chapter 11 in the Southern District of Texas yesterday with a so-called DIP, or debtor-in-possession, loan from a consortium of lenders to keep operating while it cleans up its balance sheet. But Judge Marvin Isgur nixed $1 billion of that total earmarked, not for operations, but to refinance pre-petition loans from the same group of debtholders. At a hearing today, lawyers for Cineworld and a majority of DIP lenders seemed flabbergasted when the judge demurred, stressing Cineworld’s dire straits with just $4 million of cash in hand. That’s “not sufficient to run a global operation,” said James Mesterharm of AlixPartners, the chief restructuring officer Cineworld hired in August to examine its books, leading to yesterday’s bankruptcy filing. RELATED STORY Lionsgate's Michael Burns Says "I Do Think Studios Will Get Paid" By Cineworld As Hollywood Heavyweights Top List Of Bankrupt Theater Chain Creditors Without the DIP loan, the chain would be forced to “curtail their operations, which would be to the detriment of all stakeholders,” he said. The judge offered a few options, suggesting the DIP group set the $1 billion aside for now while they — or others lenders — first address Cineworld’s immediate cash requirements with a stopgap payout in the hundreds of millions, to keep the lights on, something he said he would sign immediately. “I am not going to sleep until we get those employees paid tonight,” he said. The judge also offered a high guaranteed yield of more than 20% to lenders willing to advance cash to Cineworld. “I am trying to be flexible, The only goal there is that the billion dollars has to be delayed until I give people an opportunity to deal with it.” Creditor committees with their own financial advisors will to be set up, he said, as is routine in bankruptcies, and “perhaps propose an alternative.” “This case was filed 26 hours ago and I am not going to decide the outcome of the case today.” Michael Messersmith, an attorney representing 52% of the DIP lenders, said he’d do his best but “our group does not control 100% of the priority terms loans.” That is “causing me some angst. But we are creative lawyers, so I am hoping to be able to overcome that angst. We are going to work extremely hard to get there.” “We need the money tomorrow. The only party who would provide it are the existing lenders. There is nobody standing by in place with a loan,” said Christopher Marcus of Kirkland Ellis, an attorney for Cineworld. Isgur sent everyone out to renegotiate, asking them to return later in the day with a new proposal. The hearing opened with a presentation of Cineworld history as a family company started by CEO Mooky Greidinger’s grandfather from one movie theater in Isr

Huch, hab ich was verpasst? Also erstmal ist er nicht mein Kumpel. Ich kenne ihn gar nicht persönlich und auch kaum hier im Forum und zweitens, Du hast Recht, wärst Du mir in Live so blöd gekommen, hättest Du Dir schon längst eine gefangen. In diesem Sinne.

Echt… geht das schon wieder los… 🤷🏻