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Cineworld Seeks To Exit Leases With Its Second-Largest Landlord in US Bankruptcy

Bynewsmagzines

Jun 5, 2023
A U.S. theater in Georgia is one of 25 leases just put in the rejection pile by Cineworld before it plans to exit Chapter 11 bankruptcy next month. (CoStar)


Cineworld is making progress on finalizing its going forward U.S. real estate portfolio after telling a bankruptcy court that lease negotiations with its second-largest landlord have stalled, leaving it with little choice but to reject 25 leases with Realty Income Corp. before the movie theater operator can exit Chapter 11 bankruptcy next month.

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