Cineworld : Regal announces successful completion of $250 million capital raise to fuel growth and investment

Regal announces successful completion of $250 million capital raise to fuel growth and investment

KNOXVILLE, Tenn., July 9, 2024 - Regal (the "Company") announced today that it has successfully completed a $250 million capital raise. With this investment, Regal is well positioned for accelerated growth through improvements to existing assets, and digital enhancements to the moviegoing experience.

"Regal has been executing on its business plan with results through the first quarter that exceeded our expectations providing one of the strongest balance sheets in the business," stated Thomas Song, Chief Financial Officer for Regal. "As we invest in providing the best moviegoing experience, our customers will enjoy in-theatre improvements coupled with a very compelling movie slate through the end of the year."

Song continued, "With the strong support from our existing investors and real estate partners, Regal is well positioned to invest in growth opportunities with highly accretive investments including brand-new luxury recliners in the United States and digital enhancements for our loyal customers. As we identify theatres for these improvements, we encourage our landlords to also reach out with interest for their respective locations."

The capital raise will be used to upgrade existing Regal theatres in concert with respective real estate partners, including investments in luxury recliners and additional improvements to the moviegoing experience through upgrades to Regal's digital channels including the website and app. Construction has been initiated with over 30 locations completed during 2025. Barclays served as financial advisor and Akin as legal advisor to the Company in connection with the capital raise.

About Cineworld

Cineworld was founded in 1995 and is now one of the leading cinema groups in Europe. Cineworld's acquisition of Regal Entertainment Group has created the second largest cinema business in the world (by number of screens). Cineworld currently operates in the United Kingdom, Ireland, Poland, the Czech Republic, Slovakia, Hungary, Bulgaria, Romania, Israel and the United States.