Cineplex Announces Credit Facility Extension and Reports November 2023 Box Office Results

TORONTO, Dec. 13, 2023 /CNW/ – CGX – Cineplex Inc. (“Cineplex” or the “Company”), a leading entertainment and media company, announced today it has entered into the Eighth Amended and Restated Credit Agreement (“Credit Agreement”) with its lenders. The Credit Agreement extends the maturity date of the prior credit facility from November 13, 2024 to November 13, 2025, amends the standard administrative provisions relating to the potential replacement of benchmark rates, and makes certain other administrative amendments. A copy of the Credit Agreement will be filed under the Company’s profile on SEDAR+ available at www.sedarplus.ca. Management remains focused on de-leveraging and optimizing its capital structure. As a result of strong second and third quarter 2023 results, Cineplex has paid down…

Source: Benzinga
Categories: Business, Arts and Entertainment, Society, Issues, Opportunities, Opposing Views