Cinemark Raising $250 Million in Debt Offering Amid Virus Crisis

Movie theater giant Cinemark Holdings has gone to the debt market to raise $250 million in fresh cash amid the coronavirus pandemic. More details:

Cinema theater chain Cinemark Holdings has gone to the debt market for fresh cash amid the novel coronavirus pandemic.

Cinemark said it intends to use the proceeds of the debt offering "for general corporate purposes, including further increasing its liquidity." The senior notes, which are exempt from U.S. securities registration as they are aimed at international buyers, will be secured by a first-priority lien on certain leasehold property interests.

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