Cineplex Inc T.CGX

Alternate Symbol(s): CPXGF | T.CGX.DB.B

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Cineplex Inc. is a Canadian brand that operates in the film entertainment and content, amusement and leisure, and media sectors. The Company's segments include Film Entertainment and Content, Media, and Location-Based Entertainment. It offers over 170 movie theatres and location-based entertainment venues. In addition to being a film exhibitor, the Company operates Canada's destination for Eats & Entertainment (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion). It also operates businesses in digital commerce (CineplexStore.com), alternative programming (Cineplex Events), motion picture distribution (Cineplex Pictures), cinema media (Cineplex Media) and digital place-based media (Cineplex Digital Media). The Company is a partner in Scene+, Canada's entertainment and lifestyle loyalty program.

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Cineplex Inc > Will Cineplex be next with their 2.3 Billion dollar debt?

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Comment by RayDonovan78on Sep 07, 2022 8:36pm

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Post# 34948343

RE:Will Cineplex be next with their 2.3 Billion dollar debt?

As I said back in December, Cineplex will NOT see a dime !!!!

RayDonovan78 wrote: Cineplex will NEVER see that money !!

extremerisk wrote: Been holding debentures and stock here for awhile. Great decision and we will finally get our pop.

don't plan to sell though as the prey maybe become the hunter now with 1.24 billion or $20 a share in damages awarded.

can't see the appeal working.

GoodMonkey wrote:
Cineworld Group Plc filed for bankruptcy in Texas in an effort to tame its US$5 billion debt pile.

The UK-based movie theater chain, which draws most of its revenues from the US after the acquisition of Regal Cinemas in 2018, filed for Chapter 11 protection on Wednesday. Chapter 11 bankruptcy allows a company to continue operating while it works out a plan to repay creditors.

Cineworld has commitments for US$1.94 billion of bankruptcy financing lined up from existing secured lenders, the company said in a statement. The company expects to “significantly” slash its debt load with the support of its lenders in Chapter 11, according to the statement.

Earlier in August, Cineworld surprised investors with an announcement that it was looking to restructure its balance sheet, in a move that will “likely result in a very significant dilution of existing equity interests.”

The company said it’s planning to keep its theaters open as it seeks to restructure the debt. Centerbridge Partners, Eaton Vance, Invesco Ltd. and State Street Corp. are among Cineworld’s largest creditors.