Notes From The Desk  | Cineplex Unveils New Bond (not 007)

On Friday, Canada’s largest chain of movie theatres brought $250mm of 5y bonds to market with a coupon of 7.5%.  This financing should provide a bridge until theatre re-openings, offering Cineplex 12-18 months of operating liquidity. The Backstory. After suffering declining attendance for several years, in December 2019, Cineplex shareholders were offered some salvation when […]