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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff

Cineworld looks for fresh start amid plan to exit US bankruptcy in July

Cineworld runs 750 venues across the world.
Cineworld runs 750 venues across the world. Photograph: Matthew Horwood/Getty Images

Cineworld has said it expects to exit bankruptcy protection in July as the troubled cinema group secured further backing from lenders for its restructuring plan.

The update from the world’s second-largest cinema chain, which is listed on the London Stock Exchange, came almost nine months after it filed for bankruptcy protection in the US. Cineworld had been struggling with a ballooning $5bn (£3bn) debt and low audience numbers.

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