Linklaters, Freshfields Bruckhaus Deringer and Jones Day are acting on a refinancing deal for major cinema chain Cineworld, as it deals with the financial impact of coronavirus.
The company’s biggest shareholder is cutting its stake in the chain by a third, as Cineworld announced Thursday that the impact of the virus could, in the worst case scenario, result in it breaching financial covenants unless a waiver agreement is reached with the required majority of lenders, according to a statement by the company on the London Stock Exchange.
