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Cineworld Weighs Rival Rescue Plans From Lenders, Centerbridge

  • Company to seek consent from landlords on cutting rent costs
  • Lenders object to pledging assets for other creditors
Cineworld In Deal To Be North America's Top Cinema Operator
Photographer: Cole Burston/Bloomberg

Cineworld Group Plc is weighing two competing offers from creditors to keep the world’s second-largest cinema chain in business through the pandemic.

Centerbridge Partners, which already provided the bulk of a $250 million loan to Cineworld in June along with Arcmont Asset Management and Sand Grove Capital Management, has offered a new credit facility that would be secured by some of the company’s assets, according to people with knowledge of the matter.