Cineworld seals debt lifeline to ride through closures

Cineworld has taken on more debt in order to shore up its finances (Mike Egerton/PA)

Cineworld has secured a £336 million (450 million US dollars) debt lifeline to help guide the troubled cinema chain through the coronavirus pandemic.

The group, which has temporarily closed its UK and US sites, said it has also secured access to another £233 million (310 million dollars) in liquidity to boost its finances.