Cineworld secures $250 million in debt as it prepares to reopen theaters

(Reuters) - British cinema operator Cineworld said on Monday it secured a $250 million (£201 million) debt facility from a group of private institutional investors as it gears up to reopen theatres following the easing of coronavirus-led lockdowns globally. The move comes after the company abandoned its $1.65 billion take over of Canada's Cineplex earlier this month, a deal that had raised concerns about Cineworld's growing debt pile, which stands at $3.5 billion.Cineworld, which expects to..