closures of its cinemas due to the coronavirus pandemic.The chain temporarily suspended its operations in the UK and US last month, shutting down all its theatres in the two countries and putting thousands of jobs at risk.However, a new financial agreement has been confirmed, meaning that the company has enough money to make it through 2021, pending on cinemas reopening by May (via The Guardian).The measures agreed with lenders include a £338 million debt facility, as well as a waiver on all covenants on payment of its debt until June 2022.
Additionally, it will allow an extension to 2024 on its £83 million revolving credit facility, and will get a tax refund of £150 million by accelerating the closing of its US tax year.The company has.