Cinemark is Selling $250 Million in Debt as Theaters Remain Closed


Movie theaters are struggling to stay afloat while closed indefinitely as a result of coronavirus. Recently, analysts said that bankruptcy is ‘likely’ for AMC Theatres. Now, Cinemark is selling $250 million in debt securities to continue operating. Cinemark says the debt securities will be used for “general corporate purposes” with the notes guaranteed by company […]

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