British cinema operator Cineworld said on Thursday it could breach the terms of its existing debt arrangements under a worst case scenario for the impact of the coronavirus over the next few months, sending its shares down 20%. The company, whose biggest shareholder sold a part of Cineworld’s stake last week to refinance debt, has been grappling with worries about the potential impact of the coronavirus on box office attendance as the epidemic shows no signs of slowing. Cineworld is saddled with $3.5 billion in debt, excluding leases, as it begins to pay for its takeover of …read more
Source:: Yahoo Finance
