Cineworld Strikes Debt-Swap Deal, Drops Sale Plans
By Rick Archer ( April 3, 2023, 12:31 PM EDT) -- Bankrupt movie theater chain Cineworld said Monday it has ended its efforts to find a buyer for the majority of its theaters and has instead reached an agreement with lenders to implement an equity-swap Chapter 11 plan that will cut more than $4.5 billion in debt....
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