Business
Cineplex Announces Credit Facility Extension
Cineplex Announces Credit Facility Extension Canada NewsWire TORONTO , ...
About this update from Cineplex Inc.
[{"type":"text","content":"\n \n \n \n Cineplex Announces Credit Facility Extension\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Dec. 22, 2022\n \n \n /CNW/ - (TSX: CGX) – Today, Cineplex Inc. (\"Cineplex\" or the \"Company\") entered into a sixth amendment (the \"Sixth Amendment\") to the seventh amended and restated credit agreement with its lenders. The Sixth Amendment extends the maturity date of the credit facility from\n \n November 13, 2023\n \n to\n \n November 13, 2024\n \n , amends the standard administrative provisions relating to the potential replacement of benchmark rates, and makes certain other administrative amendments. A copy of the Sixth Amendment will be filed under the Company's profile on SEDAR at\n \n www.sedar.com\n \n .\n \n \n \n \n \n \n \n \n \n \"We are pleased that our lending group continues to be supportive. This extension of maturity provides us additional time and flexibility with respect to the balance sheet during the current turbulent economic environment,\" said\n \n Ellis Jacob\n \n , CEO & President, Cineplex.\n \n \n \n \n About Cineplex\n \n \n \n \n Cineplex (TSX: CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of over 170 movie theatres and location-based entertainment venues. In addition to being\n \n Canada's\n \n largest and most innovative film exhibitor, the company operates\n \n Canada's\n \n favourite destination for 'Eats & Entertainment' (The Rec Room), complexes specially designed for teens and families (Playdium), and a newly launched entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion). It also operates successful businesses in digital commerce (CineplexStore.com), alternative programming (Cineplex Events), motion picture distribution (Cineplex Pictures), cinema media (Cineplex Media), digital place-base...