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

(Reuters) - British cinema operator Cineworld said on Monday that 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 lockdowns around the world. The company, which expects to reopen in the United States and the UK on July 10, said the new facility, along with covenant amendments and a $110 million increase in revolving credit facility announced last month, further strengthens its..