Cineworld secures new loans ahead of ‘unprecedented’ slate of film releases

Cinema chain Cineworld has secured new loans to boost its financial position (Jonathan Brady/PA)

Cineworld has secured 200 million US dollars (£143.3 million) in new loans to shore up its finances and said it is excited for an “unprecedented slate of films” in the second half of the year.

The cinema chain also amended covenants on existing debt facilities to improve its financial position following a heavy impact from the pandemic.