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BRIEF-Cineplex Inc Reports Third Quarter Results

Published 2020-11-13, 06:22 a/m
© Reuters.
CGX
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Nov 13 (Reuters) - Cineplex Inc CGX.TO :

* CINEPLEX INC. REPORTS THIRD QUARTER RESULTS

* CINEPLEX INC - COMPANY OBTAINS EXTENDED COVENANT RELIEF UNDER CREDIT FACILITIES

* CINEPLEX INC - CINEPLEX HAS ALSO UNDERTAKEN SALE OF ASSETS AND LEASE RIGHTS UNLOCKING VALUE WHERE AVAILABLE

* CINEPLEX INC - ON NOVEMBER 12, ENTERED INTO SECOND CREDIT AGREEMENT AMENDMENT WITH ITS LENDERS

* CINEPLEX INC - AMENDMENT PROVIDES CINEPLEX WITH IMMEDIATE FINANCIAL COVENANT SUSPENSION

* CINEPLEX INC - FINANCIAL COVENANT SUSPENSION WILL BE EXTENDED TO Q2 OF 2021

* CINEPLEX INC - AS AT SEPTEMBER 30, 2020, AGGREGATE OF $460 MILLION WAS OUTSTANDING UNDER CREDIT FACILITIES

* CINEPLEX INC - QTRLY TOTAL REVENUES $61.0 MILLION VERSUS $418.4 MILLION

* CINEPLEX INC - QTRLY LOSS PER SHARE $1.91

* CINEPLEX INC - RECOGNIZED IMPAIRMENT CHARGES OF $65.6 MILLION FOR THREE MONTHS ENDED SEPTEMBER 30, 2020.

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