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September 28, 2022

Regal Cinemas Parent Reportedly Set to File for Bankruptcy

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The Street

By Michael Tedder Regal Cinemas parent Cineworld is evaluating ways to generate liquidity and possibly restructure the balance sheet, a media report says.. Regal Cinemas, one of the world’s largest theater chains, is preparing to file for protection under Chapter 11 of federal bankruptcy law, a report says. Regal’s parent, Cineworld (CNNWF) of the U.K., has engaged the law firm Kirkland & Ellis and the consultants AlixPartners for advice on the bankruptcy process, The Wall Street Journal reported. The Journal also reported, citing people familiar with the matter, that an insolvency process is …

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